HB Wealth Management LLC Increases Stock Position in Electronic Arts Inc. (NASDAQ:EA)

HB Wealth Management LLC raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 8.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,412 shares of the game software company’s stock after acquiring an additional 493 shares during the quarter. HB Wealth Management LLC’s holdings in Electronic Arts were worth $938,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Larson Financial Group LLC lifted its position in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares during the period. Claro Advisors LLC lifted its holdings in shares of Electronic Arts by 3.4% during the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after buying an additional 75 shares during the period. Prime Capital Investment Advisors LLC grew its holdings in shares of Electronic Arts by 5.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after acquiring an additional 76 shares during the period. Fifth Third Wealth Advisors LLC increased its position in Electronic Arts by 1.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock valued at $708,000 after acquiring an additional 83 shares during the last quarter. Finally, Shepherd Financial Partners LLC lifted its holdings in Electronic Arts by 1.6% in the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock valued at $816,000 after acquiring an additional 88 shares during the period. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.9 %

Shares of Electronic Arts stock opened at $143.28 on Wednesday. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $168.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $154.65 and a 200-day moving average price of $149.25. The firm has a market cap of $37.58 billion, a price-to-earnings ratio of 36.83, a PEG ratio of 1.86 and a beta of 0.80.

Electronic Arts Announces Dividend

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

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the transaction, the insider now owns 28,190 shares in the company, valued at approximately $4,251,897.70. This trade represents a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the company’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 disclosure for this sale can be found here. Insiders have sold 23,500 shares of company stock valued at $3,637,660 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on EA. Stifel Nicolaus cut their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday. Benchmark reiterated a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, October 30th. UBS Group boosted their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Robert W. Baird raised their target price on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. cut their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $164.68.

Electronic Arts Company 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.