Allworth Financial LP Has $1.41 Million Stake in Electronic Arts Inc. $EA

Allworth Financial LP raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 246.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,987 shares of the game software company’s stock after acquiring an additional 4,973 shares during the quarter. Allworth Financial LP’s holdings in Electronic Arts were worth $1,409,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Walter Public Investments Inc. increased its holdings in Electronic Arts by 41.7% in the 3rd quarter. Walter Public Investments Inc. now owns 48,017 shares of the game software company’s stock worth $9,685,000 after purchasing an additional 14,134 shares in the last quarter. NatWest Group plc acquired a new stake in shares of Electronic Arts during the third quarter valued at about $10,414,000. Great Lakes Advisors LLC bought a new stake in shares of Electronic Arts during the third quarter worth about $1,025,000. Principal Financial Group Inc. grew its holdings in shares of Electronic Arts by 35.4% during the third quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company’s stock worth $78,859,000 after purchasing an additional 102,248 shares during the last quarter. Finally, OPTIMAS CAPITAL Ltd acquired a new position in shares of Electronic Arts in the third quarter valued at approximately $1,815,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $199.69, for a total transaction of $239,628.00. Following the sale, the insider owned 29,960 shares of the company’s stock, valued at approximately $5,982,712.40. This represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $204.26, for a total value of $1,021,300.00. Following the sale, the chief executive officer owned 38,858 shares in the company, valued at approximately $7,937,135.08. The trade was a 11.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,600 shares of company stock worth $5,553,319 over the last quarter. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EA shares. Citigroup cut their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $188.30.

Electronic Arts Trading Down 0.1%

Shares of EA stock opened at $200.51 on Monday. Electronic Arts Inc. has a 1-year low of $131.15 and a 1-year high of $204.88. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock has a market cap of $50.18 billion, a price-to-earnings ratio of 75.38, a PEG ratio of 2.39 and a beta of 0.75. The stock has a 50-day moving average of $201.55 and a 200-day moving average of $198.31.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 25th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 28.57%.

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.