8,578 Shares in Electronic Arts Inc. (NASDAQ:EA) Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,578 shares of the game software company’s stock, valued at approximately $1,230,000.

A number of other hedge funds have also recently modified their holdings of EA. Huntington National Bank grew its holdings in shares of Electronic Arts by 983.4% in the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after purchasing an additional 234,098 shares during the last quarter. Greenwood Capital Associates LLC bought a new position in Electronic Arts in the 3rd quarter worth about $5,597,000. Dai ichi Life Insurance Company Ltd raised its stake in shares of Electronic Arts by 20.8% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock valued at $9,205,000 after acquiring an additional 11,058 shares in the last quarter. Chesapeake Capital Corp IL bought a new stake in Electronic Arts during the 3rd quarter valued at $950,000. Finally, Assenagon Asset Management S.A. increased its position in Electronic Arts by 206.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 81,679 shares of the game software company’s stock valued at $11,380,000 after purchasing an additional 55,020 shares during the period. Institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EA. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Electronic Arts in a research report on Friday, October 25th. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Argus raised their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and raised their target price for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the sale, the insider now directly owns 30,216 shares in the company, valued at approximately $4,969,021.20. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $146.58, for a total value of $219,870.00. Following the transaction, the executive vice president now directly owns 26,360 shares of the company’s stock, valued at $3,863,848.80. The trade was a 5.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,000 shares of company stock worth $3,086,270. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Stock Down 0.8 %

EA opened at $165.61 on Tuesday. The company has a fifty day moving average of $154.41 and a two-hundred day moving average of $146.78. The stock has a market capitalization of $43.43 billion, a price-to-earnings ratio of 42.57, a PEG ratio of 2.18 and a beta of 0.79. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued 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 19.54%.

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.