1,572 Shares in Electronic Arts Inc. (NASDAQ:EA) Bought by Avestar Capital LLC

Avestar Capital LLC bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,572 shares of the game software company’s stock, valued at approximately $230,000.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its holdings in shares of Electronic Arts by 1.5% in the 3rd quarter. CWM LLC now owns 6,302 shares of the game software company’s stock worth $904,000 after buying an additional 95 shares during the last quarter. Creative Planning raised its position in Electronic Arts by 5.3% during the third quarter. Creative Planning now owns 26,676 shares of the game software company’s stock valued at $3,826,000 after purchasing an additional 1,351 shares in the last quarter. nVerses Capital LLC bought a new stake in Electronic Arts during the third quarter worth about $186,000. Bleakley Financial Group LLC boosted its holdings in shares of Electronic Arts by 6.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 14,881 shares of the game software company’s stock worth $2,135,000 after purchasing an additional 961 shares in the last quarter. Finally, Stonegate Investment Group LLC bought a new position in shares of Electronic Arts during the 3rd quarter valued at about $222,000. 90.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other 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 completion of the transaction, the insider now owns 30,216 shares of the company’s stock, valued at $4,969,021.20. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $130.83, for a total transaction of $327,075.00. Following the sale, the insider now directly owns 47,514 shares in the company, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,500 shares of company stock worth $3,644,635. 0.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EA. Oppenheimer cut their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Stifel Nicolaus reduced their target price on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Argus boosted 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. Bank of America raised their price objective on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Finally, Roth Mkm lowered their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $155.24.

Electronic Arts Stock Performance

Electronic Arts stock opened at $129.40 on Friday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The stock has a market cap of $33.72 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 2.74 and a beta of 0.79. The stock’s 50 day simple moving average is $140.43 and its two-hundred day simple moving average is $146.88. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.38.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, analysts expect that Electronic Arts Inc. will post 4.99 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.59%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s payout ratio is currently 19.34%.

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.