AE Wealth Management LLC Grows Stake in Electronic Arts Inc. $EA

AE Wealth Management LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 25.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,299 shares of the game software company’s stock after acquiring an additional 2,118 shares during the quarter. AE Wealth Management LLC’s holdings in Electronic Arts were worth $1,645,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EA. Salomon & Ludwin LLC increased its position in shares of Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares during the last quarter. Frazier Financial Advisors LLC lifted its position in Electronic Arts by 328.9% in the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock worth $31,000 after buying an additional 148 shares during the last quarter. NewSquare Capital LLC increased its position in Electronic Arts by 67.5% during the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock valued at $31,000 after acquiring an additional 79 shares during the last quarter. Bank of Jackson Hole Trust increased its position in Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after acquiring an additional 75 shares during the last quarter. Finally, ORG Partners LLC raised its stake in shares of Electronic Arts by 47.6% in the second quarter. ORG Partners LLC now owns 251 shares of the game software company’s stock valued at $40,000 after acquiring an additional 81 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EA shares. Wall Street Zen cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Cowen downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Hsbc Global Res lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Wedbush reaffirmed a “neutral” rating and set a $200.00 target price on shares of Electronic Arts in a research note on Monday, September 29th. Finally, BMO Capital Markets increased their price target on Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and an average target price of $181.64.

Insider Buying and Selling

In other news, EVP Jacob J. Schatz sold 1,200 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $171.52, for a total value of $205,824.00. Following the sale, the executive vice president directly owned 26,080 shares in the company, valued at approximately $4,473,241.60. This trade represents a 4.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total value of $855,250.00. Following the transaction, the chief executive officer directly owned 52,393 shares of the company’s stock, valued at $8,961,822.65. The trade was a 8.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 39,400 shares of company stock worth $7,359,462 over the last three months. 0.24% of the stock is owned by insiders.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $201.93 on Wednesday. The stock has a market capitalization of $50.36 billion, a price-to-earnings ratio of 59.04, a price-to-earnings-growth ratio of 3.04 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50-day moving average of $190.22 and a 200 day moving average of $167.90. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $203.75.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter last year, the company earned $1.11 earnings per share. As a group, sell-side analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio is 22.22%.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.