Great Valley Advisor Group Inc. Buys 112 Shares of Electronic Arts Inc. (NASDAQ:EA)

Great Valley Advisor Group Inc. boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 7.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,715 shares of the game software company’s stock after purchasing an additional 112 shares during the period. Great Valley Advisor Group Inc.’s holdings in Electronic Arts were worth $246,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Prime Capital Investment Advisors LLC lifted its stake in Electronic Arts by 5.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after purchasing an additional 76 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake 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 last quarter. Shepherd Financial Partners LLC lifted its stake in Electronic Arts by 1.6% in the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock worth $816,000 after purchasing an additional 88 shares during the last quarter. Grove Bank & Trust lifted its stake in Electronic Arts by 23.5% in the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock worth $69,000 after purchasing an additional 94 shares during the last quarter. Finally, CWM LLC lifted its stake in Electronic Arts by 1.5% in the third quarter. CWM LLC now owns 6,302 shares of the game software company’s stock worth $904,000 after purchasing an additional 95 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on EA shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Roth Mkm boosted their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Wedbush restated an “outperform” rating and issued a $170.00 price objective on shares of Electronic Arts in a research report on Friday, October 25th. Finally, TD Cowen boosted their price objective on shares of Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Eight investment 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Insiders Place Their Bets

In other news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 50,433 shares in the company, valued at approximately $7,969,926.99. This represents a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total transaction of $151,700.00. Following the completion of the transaction, the insider now owns 30,190 shares in the company, valued at approximately $4,579,823. This represents a 3.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,000 shares of company stock worth $3,073,520. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $163.10 on Thursday. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The company’s 50-day moving average is $150.16 and its 200 day moving average is $144.50. The stock has a market capitalization of $42.78 billion, a P/E ratio of 41.96, a P/E/G ratio of 2.14 and a beta of 0.78.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

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.