18,660 Shares in Electronic Arts Inc. (NASDAQ:EA) Acquired by MBB Public Markets I LLC

MBB Public Markets I LLC acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,660 shares of the game software company’s stock, valued at approximately $2,600,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. North Star Investment Management Corp. grew its position in shares of Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Electronic Arts during the 1st quarter valued at $27,000. Opal Wealth Advisors LLC purchased a new position in Electronic Arts during the second quarter worth $28,000. YHB Investment Advisors Inc. purchased a new stake in shares of Electronic Arts in the first quarter valued at $30,000. Finally, Family Firm Inc. acquired a new stake in shares of Electronic Arts during the second quarter valued at $33,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EA has been the subject of several analyst reports. Wedbush boosted their target price on shares of Electronic Arts from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Benchmark reissued a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. Jefferies Financial Group assumed coverage on shares of Electronic Arts in a research report on Thursday, July 11th. They set a “buy” rating and a $165.00 target price on the stock. Citigroup downgraded Electronic Arts from a “buy” rating to a “neutral” rating and boosted their price target for the company from $148.00 to $161.00 in a report on Monday, July 15th. Finally, UBS Group raised their price objective on Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $161.94.

Electronic Arts Price Performance

Electronic Arts stock opened at $144.65 on Friday. The firm has a fifty day moving average of $145.89 and a 200-day moving average of $137.95. Electronic Arts Inc. has a 52-week low of $117.70 and a 52-week high of $153.51. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $38.44 billion, a P/E ratio of 30.91, a PEG ratio of 1.91 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. As a group, analysts predict that Electronic Arts Inc. will post 5.93 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s payout ratio is 16.24%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.71, for a total value of $111,768.00. Following the transaction, the insider now directly owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Stuart Canfield sold 3,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the sale, the chief financial officer now directly owns 7,553 shares of the company’s stock, valued at $1,095,185. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.71, for a total value of $111,768.00. Following the transaction, the insider now directly owns 38,574 shares in the company, valued at approximately $5,389,173.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,570 shares of company stock valued at $3,621,343. 0.22% of the stock is currently owned by insiders.

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.