Aaron Wealth Advisors LLC Takes Position in Electronic Arts Inc. (NASDAQ:EA)

Aaron Wealth Advisors LLC bought a new stake in Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,680 shares of the game software company’s stock, valued at approximately $246,000.

Other institutional investors also recently bought and sold shares of the company. Frank Rimerman Advisors LLC raised its stake in shares of Electronic Arts by 8,641.4% during the second quarter. Frank Rimerman Advisors LLC now owns 2,535 shares of the game software company’s stock valued at $353,000 after acquiring an additional 2,506 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Electronic Arts by 28.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the game software company’s stock valued at $209,000 after purchasing an additional 306 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in Electronic Arts by 97.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 7,969 shares of the game software company’s stock worth $1,110,000 after buying an additional 3,936 shares during the period. Evergreen Capital Management LLC grew its position in shares of Electronic Arts by 0.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 22,946 shares of the game software company’s stock worth $3,197,000 after buying an additional 159 shares during the last quarter. Finally, Providence Capital Advisors LLC increased its stake in shares of Electronic Arts by 0.5% during the second quarter. Providence Capital Advisors LLC now owns 43,315 shares of the game software company’s stock valued at $6,035,000 after buying an additional 200 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on EA shares. Stifel Nicolaus cut their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Argus lifted their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. BMO Capital Markets reissued an “outperform” rating and issued a $160.00 target price (up previously from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Finally, Oppenheimer decreased their price objective on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.68.

Insider Activity

In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $145.87, for a total value of $364,675.00. Following the sale, the chief executive officer now owns 51,747 shares in the company, valued at approximately $7,548,334.89. This trade represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00. Following the sale, the insider now owns 28,190 shares of the company’s stock, valued at approximately $4,251,897.70. This represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock valued at $3,637,660 in the last 90 days. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Up 0.9 %

EA stock opened at $143.28 on Wednesday. The stock has a market capitalization of $37.58 billion, a P/E ratio of 36.83, a P/E/G ratio of 1.86 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50. The business has a fifty day moving average price of $154.65 and a 200-day moving average price of $149.25.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

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.