Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC raised its position in Electronic Arts Inc. (NASDAQ:EA) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,690 shares of the game software company’s stock after purchasing an additional 88 shares during the period. Shepherd Financial Partners LLC’s holdings in Electronic Arts were worth $816,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Electronic Arts by 82.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock valued at $3,327,000 after buying an additional 11,343 shares during the period. FORA Capital LLC increased its stake in Electronic Arts by 209.7% in the first quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock valued at $6,101,000 after purchasing an additional 31,136 shares during the last quarter. Duality Advisers LP acquired a new stake in Electronic Arts in the 1st quarter worth about $1,711,000. State Board of Administration of Florida Retirement System increased its stake in shares of Electronic Arts by 13.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 348,670 shares of the game software company’s stock valued at $46,258,000 after acquiring an additional 41,567 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Electronic Arts by 14.7% during the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after acquiring an additional 3,727,251 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Up 0.2 %

NASDAQ:EA traded up $0.27 on Friday, reaching $151.12. The stock had a trading volume of 399,894 shares, compared to its average volume of 2,052,090. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $153.51. The stock has a market cap of $39.93 billion, a P/E ratio of 38.78, a price-to-earnings-growth ratio of 2.04 and a beta of 0.79. The company has a current ratio of 1.43, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $144.89 and a 200 day moving average of $140.02.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a return on equity of 18.56% and a net margin of 14.12%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. On average, research analysts predict that Electronic Arts Inc. will post 5.93 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of the 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 transaction, the insider now directly owns 31,190 shares in the company, valued at $4,675,692.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value 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 $4,675,692.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $148.88, for a total value of $372,200.00. Following the transaction, the chief executive officer now directly owns 56,747 shares in the company, valued at approximately $8,448,493.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,644 shares of company stock valued at $3,340,377. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EA. Citigroup downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and increased their price target for the stock from $148.00 to $161.00 in a research note on Monday, July 15th. Roth Mkm lifted their target price on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a report on Wednesday. BMO Capital Markets restated an “outperform” rating and set a $160.00 price target (up from $154.00) on shares of Electronic Arts in a research note on Wednesday. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Raymond James boosted their target price on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned 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 $164.39.

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.