2,433 Shares in Electronic Arts Inc. (NASDAQ:EA) Purchased by RIA Advisory Group LLC

RIA Advisory Group LLC acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,433 shares of the game software company’s stock, valued at approximately $349,000.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts during the 3rd quarter valued at approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in Electronic Arts in the second quarter valued at $28,000. Family Firm Inc. acquired a new position in shares of Electronic Arts in the 2nd quarter valued at $33,000. New Covenant Trust Company N.A. purchased a new position in shares of Electronic Arts during the 1st quarter worth $35,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter worth about $36,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on EA shares. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. UBS Group upped their target price on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $160.00 price target (up previously from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Finally, Argus increased their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $165.37.

Electronic Arts Price Performance

EA stock traded down $2.76 during trading on Friday, reaching $161.36. 2,036,594 shares of the company were exchanged, compared to its average volume of 2,055,523. The company has a 50-day moving average of $147.17 and a two-hundred day moving average of $142.44. The company has a market capitalization of $42.32 billion, a price-to-earnings ratio of 41.48, a P/E/G ratio of 2.13 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $164.42.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.47%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Insider Buying and Selling

In other news, CFO Stuart Canfield sold 1,260 shares of Electronic Arts stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $148.37, for a total value of $186,946.20. Following the completion of the transaction, the chief financial officer now directly owns 7,553 shares of the company’s stock, valued at approximately $1,120,638.61. This trade represents a 14.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’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 sale, the insider now directly owns 30,190 shares of the company’s stock, valued at $4,579,823. This represents a 3.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,144 shares of company stock valued at $3,886,282 over the last 90 days. 0.22% of the stock is owned by insiders.

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.