Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Claro Advisors LLC

Claro Advisors LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,881 shares of the game software company’s stock after purchasing an additional 100 shares during the quarter. Claro Advisors LLC’s holdings in Electronic Arts were worth $250,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its stake in shares of Electronic Arts by 1.3% in the 4th quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock worth $867,000 after buying an additional 84 shares in the last quarter. Mirador Capital Partners LP raised its position in shares of Electronic Arts by 2.9% during the fourth quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock worth $447,000 after purchasing an additional 91 shares during the period. Whittier Trust Co. raised its position in shares of Electronic Arts by 4.1% during the fourth quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock worth $322,000 after purchasing an additional 93 shares during the period. MCF Advisors LLC raised its position in shares of Electronic Arts by 36.9% during the fourth quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock worth $49,000 after purchasing an additional 96 shares during the period. Finally, Cape Investment Advisory Inc. raised its position in shares of Electronic Arts by 102.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after purchasing an additional 101 shares during the period. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EA shares. Wedbush reaffirmed an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a research report on Wednesday, May 8th. Oppenheimer reiterated an “outperform” rating and set a $150.00 price target on shares of Electronic Arts in a report on Friday, June 21st. StockNews.com upgraded Electronic Arts from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Stifel Nicolaus lifted their price target on Electronic Arts from $150.00 to $163.00 and gave the company a “buy” rating in a report on Monday, June 24th. Finally, Roth Mkm lowered their price target on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Electronic Arts has an average rating of “Moderate Buy” and an average price target of $147.50.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total value of $101,312.00. Following the transaction, the insider now directly owns 26,283 shares in the company, valued at approximately $3,328,479.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total value of $101,312.00. Following the transaction, the insider now directly owns 26,283 shares in the company, valued at approximately $3,328,479.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total value of $211,515.00. Following the completion of the transaction, the chief financial officer now directly owns 10,553 shares in the company, valued at approximately $1,488,078.53. The disclosure for this sale can be found here. Insiders have sold a total of 22,239 shares of company stock worth $2,953,588 in the last three months. Insiders own 0.22% of the company’s stock.

Electronic Arts Trading Down 1.4 %

EA stock opened at $137.32 on Tuesday. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53. The firm has a market cap of $36.49 billion, a P/E ratio of 29.34, a P/E/G ratio of 2.21 and a beta of 0.79. The business’s 50 day moving average is $132.91 and its 200-day moving average is $134.83. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.78 billion. Equities analysts anticipate that Electronic Arts Inc. will post 5.72 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

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.