CW Advisors LLC Purchases Shares of 28,677 Electronic Arts Inc. $EA

CW Advisors LLC acquired a new position in Electronic Arts Inc. (NASDAQ:EA) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,677 shares of the game software company’s stock, valued at approximately $4,580,000.

Several other institutional investors have also recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC bought a new position in Electronic Arts in the 2nd quarter worth approximately $37,000. Groupe la Francaise boosted its position in shares of Electronic Arts by 17.7% during the second quarter. Groupe la Francaise now owns 29,707 shares of the game software company’s stock worth $4,723,000 after acquiring an additional 4,463 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Electronic Arts by 50.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock valued at $377,726,000 after acquiring an additional 791,978 shares in the last quarter. Westerkirk Capital Inc. bought a new stake in Electronic Arts in the 2nd quarter valued at $655,000. Finally, NBW Capital LLC lifted its stake in Electronic Arts by 3.8% in the 2nd quarter. NBW Capital LLC now owns 28,287 shares of the game software company’s stock worth $4,517,000 after purchasing an additional 1,029 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the subject of a number of research analyst reports. Cowen lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Morgan Stanley increased their price target on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Oppenheimer downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. Finally, Citigroup boosted their price target on shares of Electronic Arts from $206.00 to $207.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $181.64.

Electronic Arts Price Performance

Shares of EA stock opened at $203.92 on Friday. The stock has a 50 day moving average price of $201.10 and a 200 day moving average price of $174.11. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $204.01. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $51.00 billion, a P/E ratio of 59.63, a P/E/G ratio of 2.44 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the company earned $1.11 EPS. The business’s revenue was down 12.6% compared to the same quarter last year. As a group, sell-side analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors 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 (DPR) is presently 22.22%.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $201.42, for a total value of $241,704.00. Following the transaction, the insider directly owned 34,760 shares in the company, valued at $7,001,359.20. This represents a 3.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $201.65, for a total transaction of $302,475.00. Following the sale, the chief financial officer directly owned 5,595 shares of the company’s stock, valued at $1,128,231.75. This represents a 21.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 134,869 shares of company stock worth $26,878,477 over the last 90 days. Corporate insiders own 0.24% of the company’s stock.

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.