B. Riley Wealth Advisors Inc. Has $236,000 Holdings in Electronic Arts Inc. (NASDAQ:EA)

B. Riley Wealth Advisors Inc. decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,658 shares of the game software company’s stock after selling 95 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Electronic Arts were worth $236,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Inspire Trust Co. N.A. grew its stake in Electronic Arts by 47.4% in the third quarter. Inspire Trust Co. N.A. now owns 14,000 shares of the game software company’s stock valued at $2,008,000 after purchasing an additional 4,499 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Electronic Arts by 8.4% during the 3rd quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company’s stock valued at $124,548,000 after buying an additional 66,797 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Electronic Arts by 20.6% in the 3rd quarter. Tidal Investments LLC now owns 45,630 shares of the game software company’s stock valued at $6,545,000 after buying an additional 7,786 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Electronic Arts in the third quarter worth approximately $428,000. Finally, Sanctuary Advisors LLC raised its position in Electronic Arts by 76.3% during the third quarter. Sanctuary Advisors LLC now owns 10,328 shares of the game software company’s stock valued at $1,481,000 after acquiring an additional 4,471 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EA has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. UBS Group boosted their price target on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and increased their price objective for the company from $135.00 to $177.00 in a report on Thursday, October 31st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $167.00 target price on shares of Electronic Arts in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Trading Down 0.1 %

Electronic Arts stock opened at $147.80 on Friday. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.50. The stock has a market cap of $38.76 billion, a price-to-earnings ratio of 37.99, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. The business has a 50 day moving average price of $156.85 and a two-hundred day moving average price of $148.04. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a $0.19 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business’s 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 sale, the insider now owns 29,190 shares of the company’s stock, valued at $4,181,175.60. The trade was a 3.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the transaction, the insider now owns 50,433 shares of the company’s stock, valued at $7,969,926.99. This represents a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $3,840,805 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

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.