Electronic Arts Inc. $EA Shares Purchased by Assetmark Inc.

Assetmark Inc. increased its position in Electronic Arts Inc. (NASDAQ:EA) by 7.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,981 shares of the game software company’s stock after buying an additional 2,697 shares during the period. Assetmark Inc.’s holdings in Electronic Arts were worth $7,862,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its position in Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after purchasing an additional 294 shares during the period. Empowered Funds LLC lifted its stake in shares of Electronic Arts by 167.0% during the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after purchasing an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Electronic Arts by 150.8% in the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after buying an additional 190 shares during the period. MGO One Seven LLC acquired a new stake in shares of Electronic Arts in the second quarter valued at about $317,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Electronic Arts during the 2nd quarter valued at about $626,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Up 0.1%

EA stock opened at $200.62 on Tuesday. The firm has a market cap of $50.21 billion, a price-to-earnings ratio of 75.42, a PEG ratio of 2.42 and a beta of 0.74. Electronic Arts Inc. has a 1-year low of $128.02 and a 1-year high of $204.88. The firm has a fifty day moving average price of $203.40 and a two-hundred day moving average price of $193.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 28.57%.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $1,020,550.00. Following the sale, the chief executive officer directly owned 43,858 shares in the company, valued at $8,951,856.38. This trade represents a 10.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $510,275.00. Following the completion of the sale, the insider directly owned 53,148 shares of the company’s stock, valued at approximately $10,848,038.28. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 115,069 shares of company stock valued at $23,194,130 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Citigroup decreased their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Morgan Stanley lifted their price target on shares of Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Benchmark reiterated a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Finally, Argus set a $210.00 target price on Electronic Arts in a research note on Thursday, October 30th. Four analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus target price of $186.95.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.