OneDigital Investment Advisors LLC Grows Holdings in Electronic Arts Inc. (NASDAQ:EA)

OneDigital Investment Advisors LLC increased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 28.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,403 shares of the game software company’s stock after acquiring an additional 1,200 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Electronic Arts were worth $775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of EA. Ashton Thomas Securities LLC bought a new position in shares of Electronic Arts during the third quarter valued at $25,000. Opal Wealth Advisors LLC bought a new stake in Electronic Arts during the 2nd quarter valued at about $28,000. Family Firm Inc. purchased a new position in Electronic Arts in the second quarter worth about $33,000. New Covenant Trust Company N.A. bought a new position in shares of Electronic Arts in the first quarter worth approximately $35,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Electronic Arts during the third quarter valued at approximately $36,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Electronic Arts in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. BMO Capital Markets reiterated an “outperform” rating and issued a $160.00 price objective (up from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Stifel Nicolaus upped their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Argus lifted their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.37.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $166.13 on Wednesday. The stock has a market cap of $43.57 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $166.40. The firm has a fifty day moving average price of $148.01 and a 200-day moving average price of $143.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.46%. Electronic Arts’s payout ratio is presently 19.54%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction on Friday, November 15th. The shares were sold at an average price of $163.30, for a total value of $244,950.00. Following the sale, the executive vice president now directly owns 23,360 shares in the company, valued at approximately $3,814,688. The trade was a 6.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction dated 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 of the company’s stock, valued at $4,675,692.90. This trade represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,384 shares of company stock valued at $3,944,285 over the last ninety days. 0.22% of the stock is currently owned by company 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.