Independent Advisor Alliance Raises Holdings in Electronic Arts Inc. (NASDAQ:EA)

Independent Advisor Alliance lifted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 10.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,544 shares of the game software company’s stock after buying an additional 725 shares during the quarter. Independent Advisor Alliance’s holdings in Electronic Arts were worth $1,082,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EA. Harvest Fund Management Co. Ltd boosted its holdings in Electronic Arts by 51.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 12,170 shares of the game software company’s stock worth $1,746,000 after buying an additional 4,110 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Electronic Arts by 9.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 53,706 shares of the game software company’s stock worth $7,704,000 after acquiring an additional 4,675 shares in the last quarter. Alpha DNA Investment Management LLC acquired a new stake in shares of Electronic Arts in the 3rd quarter worth approximately $779,000. Larson Financial Group LLC increased its stake in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. acquired a new position in Electronic Arts during the third quarter worth $221,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Up 0.5 %

Shares of NASDAQ EA opened at $165.02 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $43.28 billion, a PE ratio of 42.42, a P/E/G ratio of 2.18 and a beta of 0.78. The firm has a fifty day moving average of $149.71 and a 200-day moving average of $144.23. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $168.50.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.46%. Electronic Arts’s dividend payout ratio is presently 19.54%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EA shares. Stifel Nicolaus raised their price target on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. dropped their target price on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. The Goldman Sachs Group upped their price target on shares of Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Finally, Benchmark reiterated a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $165.37.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the sale, the chief executive officer now owns 52,615 shares in the company, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total value of $151,700.00. Following the transaction, the insider now directly owns 30,190 shares in the company, valued at $4,579,823. This trade represents a 3.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,000 shares of company stock worth $3,073,520 in the last three months. 0.22% of the stock is currently owned by company insiders.

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.