RBA Wealth Management LLC Raises Stock Position in Electronic Arts Inc. (NASDAQ:EA)

RBA Wealth Management LLC boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,828 shares of the game software company’s stock after purchasing an additional 622 shares during the period. RBA Wealth Management LLC’s holdings in Electronic Arts were worth $3,427,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EA. Jennison Associates LLC increased its position in shares of Electronic Arts by 1.3% during the fourth quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock valued at $867,000 after acquiring an additional 84 shares during the last quarter. Mirador Capital Partners LP increased its position in shares of Electronic Arts by 2.9% during the fourth quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock valued at $447,000 after acquiring an additional 91 shares during the last quarter. Whittier Trust Co. increased its position in shares of Electronic Arts by 4.1% during the fourth quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock valued at $322,000 after acquiring an additional 93 shares during the last quarter. MCF Advisors LLC increased its position in shares of Electronic Arts by 36.9% during the fourth quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock valued at $49,000 after acquiring an additional 96 shares during the last quarter. Finally, Claro Advisors LLC increased its position in shares of Electronic Arts by 5.6% during the first quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock valued at $250,000 after acquiring an additional 100 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Oppenheimer restated an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Friday, June 21st. Wedbush reiterated an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, May 8th. UBS Group decreased their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. StockNews.com upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $147.50.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total value of $211,515.00. Following the transaction, the chief financial officer now directly owns 10,553 shares in the company, valued at approximately $1,488,078.53. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total transaction of $211,515.00. Following the transaction, the chief financial officer now directly owns 10,553 shares in the company, valued at approximately $1,488,078.53. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the transaction, the insider now owns 38,574 shares in the company, valued at $5,389,173.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,039 shares of company stock worth $3,065,356. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ:EA traded down $0.21 on Thursday, reaching $138.67. 799,122 shares of the company were exchanged, compared to its average volume of 1,891,934. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53. The firm has a market cap of $36.85 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 2.20 and a beta of 0.79. The company has a 50-day moving average of $133.36 and a 200-day moving average of $134.86.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. Equities analysts forecast that Electronic Arts Inc. will post 5.72 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

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.