Catalytic Wealth RIA LLC Takes Position in Electronic Arts Inc. (NASDAQ:EA)

Catalytic Wealth RIA LLC purchased a new position in Electronic Arts Inc. (NASDAQ:EA) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,767 shares of the game software company’s stock, valued at approximately $397,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of Electronic Arts in the 3rd quarter worth approximately $25,000. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts in the 2nd quarter worth about $28,000. Family Firm Inc. acquired a new position in shares of Electronic Arts in the 2nd quarter valued at about $33,000. New Covenant Trust Company N.A. acquired a new position in shares of Electronic Arts in the 1st quarter valued at about $35,000. Finally, Reston Wealth Management LLC acquired a new stake in Electronic Arts during the third quarter worth about $36,000. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 1,260 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $148.37, for a total value of $186,946.20. Following the transaction, the chief financial officer now directly owns 7,553 shares of the company’s stock, valued at $1,120,638.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Stuart Canfield sold 1,260 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $148.37, for a total transaction of $186,946.20. Following the transaction, the chief financial officer now owns 7,553 shares in the company, valued at $1,120,638.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock in a transaction 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 completion of the sale, the insider now directly owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,144 shares of company stock valued at $3,886,282 in the last quarter. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Up 0.9 %

Shares of NASDAQ:EA opened at $159.39 on Tuesday. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $160.31. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.43. The company has a market cap of $41.80 billion, a PE ratio of 40.97, a price-to-earnings-growth ratio of 2.06 and a beta of 0.78. The firm has a 50 day simple moving average of $145.82 and a 200 day simple moving average of $141.66.

Electronic Arts Dividend Announcement

The business also recently disclosed 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 is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.48%. Electronic Arts’s dividend payout ratio is presently 19.54%.

Analysts Set New Price Targets

A number of equities analysts have commented on EA shares. Benchmark restated a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, October 30th. Oppenheimer increased their target price on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Roth Mkm lifted 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. Finally, TD Cowen upped their target price on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

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.