Atria Investments Inc Increases Stake in Electronic Arts Inc. (NASDAQ:EA)

Atria Investments Inc boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 86.5% during the third quarter, Holdings Channel.com reports. The firm owned 12,362 shares of the game software company’s stock after acquiring an additional 5,733 shares during the quarter. Atria Investments Inc’s holdings in Electronic Arts were worth $1,773,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cullen Frost Bankers Inc. grew its holdings in Electronic Arts by 2.9% in the second quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after purchasing an additional 79 shares during the period. Shepherd Financial Partners LLC grew its holdings in shares of Electronic Arts by 1.6% during the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock valued at $816,000 after buying an additional 88 shares during the last quarter. Grove Bank & Trust grew its holdings in shares of Electronic Arts by 23.5% during the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock valued at $69,000 after buying an additional 94 shares during the last quarter. CWM LLC grew its holdings in shares of Electronic Arts by 1.5% during the third quarter. CWM LLC now owns 6,302 shares of the game software company’s stock valued at $904,000 after buying an additional 95 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Electronic Arts by 4.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock valued at $291,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group increased their price objective on shares of Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Morgan Stanley restated an “equal weight” rating and set a $150.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Electronic Arts Stock Performance

EA opened at $161.36 on Friday. The stock has a market capitalization of $42.32 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 2.13 and a beta of 0.78. The company has a fifty day moving average of $147.17 and a 200 day moving average of $142.44. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $164.42. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.47%. Electronic Arts’s payout ratio is 19.54%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the transaction, the insider now directly owns 50,433 shares of the company’s stock, valued at $7,969,926.99. This trade represents a 4.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Stuart Canfield sold 1,260 shares of Electronic Arts stock in a transaction on Monday, August 19th. The stock was sold at an average price of $148.37, for a total transaction of $186,946.20. Following the completion of the transaction, the chief financial officer now directly owns 7,553 shares of the company’s stock, valued at $1,120,638.61. The trade was a 14.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,144 shares of company stock valued at $3,886,282. Corporate insiders own 0.22% of the company’s stock.

About Electronic Arts

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.