Ariadne Wealth Management LP Buys Shares of 3,634 Electronic Arts Inc. (NASDAQ:EA)

Ariadne Wealth Management LP acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,634 shares of the game software company’s stock, valued at approximately $506,000.

Several other large investors also recently modified their holdings of the stock. Stifel Financial Corp raised its stake in shares of Electronic Arts by 14.9% during the 4th quarter. Stifel Financial Corp now owns 97,209 shares of the game software company’s stock worth $13,306,000 after purchasing an additional 12,607 shares during the period. California State Teachers Retirement System lifted its position in Electronic Arts by 0.4% in the 4th quarter. California State Teachers Retirement System now owns 413,211 shares of the game software company’s stock worth $56,531,000 after buying an additional 1,682 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its position in Electronic Arts by 52.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 8,995 shares of the game software company’s stock worth $1,231,000 after buying an additional 3,086 shares during the last quarter. KBC Group NV lifted its position in Electronic Arts by 146.4% in the fourth quarter. KBC Group NV now owns 227,815 shares of the game software company’s stock valued at $31,167,000 after purchasing an additional 135,376 shares during the last quarter. Finally, NEOS Investment Management LLC lifted its position in Electronic Arts by 4.3% in the fourth quarter. NEOS Investment Management LLC now owns 12,143 shares of the game software company’s stock valued at $1,661,000 after purchasing an additional 498 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA opened at $143.44 on Tuesday. Electronic Arts Inc. has a 1 year low of $118.60 and a 1 year high of $153.51. The firm has a fifty day moving average of $145.90 and a 200-day moving average of $138.02. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market cap of $38.12 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 1.91 and a beta of 0.79.

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

Electronic Arts Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EA shares. Robert W. Baird restated an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a report on Thursday, September 19th. Roth Mkm reissued a “neutral” rating and issued a $154.00 target price on shares of Electronic Arts in a research note on Thursday, September 19th. Benchmark reaffirmed a “buy” rating and set a $163.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Raymond James increased their target price on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $161.94.

Insider Activity at Electronic Arts

In related news, CFO Stuart Canfield sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total transaction of $435,000.00. Following the transaction, the chief financial officer now directly owns 7,553 shares of the company’s stock, valued at approximately $1,095,185. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Stuart Canfield sold 3,000 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total transaction of $435,000.00. Following the completion of the sale, the chief financial officer now directly owns 7,553 shares in the company, valued at approximately $1,095,185. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total transaction of $353,750.00. Following the completion of the transaction, the chief executive officer now owns 54,247 shares of the company’s stock, valued at approximately $7,675,950.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,270 shares of company stock valued at $3,863,325. 0.22% of the stock is owned by insiders.

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.