Advisory Alpha LLC Increases Holdings in Electronic Arts Inc. (NASDAQ:EA)

Advisory Alpha LLC increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 41.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,169 shares of the game software company’s stock after purchasing an additional 931 shares during the quarter. Advisory Alpha LLC’s holdings in Electronic Arts were worth $442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. North Star Investment Management Corp. lifted its stake in Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after purchasing an additional 150 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new stake in shares of Electronic Arts in the first quarter worth about $27,000. Opal Wealth Advisors LLC bought a new position in Electronic Arts during the second quarter valued at approximately $28,000. YHB Investment Advisors Inc. purchased a new position in Electronic Arts during the 1st quarter valued at approximately $30,000. Finally, Family Firm Inc. bought a new stake in Electronic Arts in the 2nd quarter worth approximately $33,000. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Raymond James raised their target price on shares of Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Wedbush boosted their target price on shares of Electronic Arts from $162.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Jefferies Financial Group began 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. Stifel Nicolaus boosted their price objective on Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, StockNews.com upgraded Electronic Arts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Electronic Arts has an average rating of “Moderate Buy” and a consensus target price of $161.94.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the transaction, the insider now directly owns 31,190 shares in the company, valued at $4,675,692.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $144.86, for a total value of $144,860.00. Following the sale, the executive vice president now directly owns 29,317 shares in the company, valued at approximately $4,246,860.62. The disclosure for this sale can be found here. Insiders sold a total of 27,270 shares of company stock valued at $4,006,565 over the last three months. 0.22% of the stock is owned by company insiders.

Electronic Arts Trading Down 0.8 %

EA stock opened at $142.25 on Wednesday. Electronic Arts Inc. has a 12 month low of $118.60 and a 12 month high of $153.51. The firm’s 50-day moving average is $145.90 and its 200 day moving average is $138.07. The company has a market capitalization of $37.80 billion, a PE ratio of 30.40, a P/E/G ratio of 1.91 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45.

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

Electronic Arts Dividend Announcement

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