1,671 Shares in Electronic Arts Inc. (NASDAQ:EA) Bought by First Affirmative Financial Network

First Affirmative Financial Network acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 1,671 shares of the game software company’s stock, valued at approximately $240,000.

A number of other institutional investors also recently bought and sold shares of EA. Cullen Frost Bankers Inc. grew its position in Electronic Arts by 2.9% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock valued at $394,000 after buying an additional 79 shares during the last quarter. Grove Bank & Trust increased its stake in shares of Electronic Arts by 23.5% during the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock worth $69,000 after acquiring an additional 94 shares during the period. CWM LLC increased its stake in shares of Electronic Arts by 1.5% during the third quarter. CWM LLC now owns 6,302 shares of the game software company’s stock worth $904,000 after acquiring an additional 95 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in Electronic Arts by 4.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock worth $291,000 after purchasing an additional 97 shares in the last quarter. Finally, Claro Advisors LLC lifted its position in Electronic Arts by 5.6% in the first quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock valued at $250,000 after purchasing an additional 100 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of analyst reports. Citigroup downgraded Electronic Arts from a “buy” rating to a “neutral” rating and increased their target price for the stock from $148.00 to $161.00 in a research note on Monday, July 15th. TD Cowen raised their target price on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on shares of Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Robert W. Baird reiterated an “outperform” rating and issued a $170.00 price objective on shares of Electronic Arts in a research note on Thursday, September 19th. Finally, Stifel Nicolaus boosted their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and a consensus target price of $161.94.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the transaction, the insider now owns 29,190 shares in the company, valued at approximately $4,181,175.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now owns 29,190 shares of the company’s stock, valued at $4,181,175.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.32, for a total transaction of $223,980.00. Following the transaction, the executive vice president now owns 27,860 shares in the company, valued at $4,160,055.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,270 shares of company stock valued at $3,571,565 over the last quarter. Company insiders own 0.22% of the company’s stock.

Electronic Arts Trading Up 0.9 %

Shares of EA opened at $143.24 on Friday. Electronic Arts Inc. has a fifty-two week low of $119.92 and a fifty-two week high of $153.51. The stock has a fifty day moving average of $145.27 and a two-hundred day moving average of $138.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $38.06 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 1.95 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.06. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. As a group, analysts forecast that Electronic Arts Inc. will post 5.93 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

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.