Transcend Capital Advisors LLC Makes New Investment in Electronic Arts Inc. (NASDAQ:EA)

Transcend Capital Advisors LLC bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,439 shares of the game software company’s stock, valued at approximately $201,000.

Other large investors also recently added to or reduced their stakes in the company. North Star Investment Management Corp. boosted its stake in Electronic Arts by 333.3% during the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after purchasing an additional 150 shares during the period. Cape Investment Advisory Inc. increased its stake in shares of Electronic Arts by 102.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after buying an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $27,000. Larson Financial Group LLC acquired a new position in Electronic Arts during the 4th quarter worth $30,000. Finally, YHB Investment Advisors Inc. bought a new position in Electronic Arts in the 1st quarter valued at $30,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wedbush lifted their target price on Electronic Arts from $162.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. StockNews.com raised Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. BMO Capital Markets restated an “outperform” rating and set a $154.00 price objective on shares of Electronic Arts in a research note on Tuesday, July 30th. Stifel Nicolaus upped their price objective on Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Raymond James lifted their price target on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $160.16.

Electronic Arts Stock Performance

NASDAQ EA traded down $2.58 during trading hours on Monday, reaching $146.25. 1,063,910 shares of the company were exchanged, compared to its average volume of 2,172,593. The stock has a market capitalization of $38.86 billion, a P/E ratio of 31.47, a P/E/G ratio of 2.28 and a beta of 0.79. The company has a quick ratio of 1.37, a current ratio of 1.45 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 $153.51. The business’s 50 day simple moving average is $140.16 and its 200-day simple moving average is $135.97.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. On average, equities research analysts expect that Electronic Arts Inc. will post 5.76 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts’s dividend payout ratio is currently 16.24%.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $142.42, for a total transaction of $356,050.00. Following the completion of the sale, the chief executive officer now owns 59,247 shares of the company’s stock, valued at $8,437,957.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $142.42, for a total transaction of $356,050.00. Following the completion of the sale, the chief executive officer now directly owns 59,247 shares of the company’s stock, valued at approximately $8,437,957.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $132.88, for a total value of $106,304.00. Following the completion of the transaction, the insider now directly owns 39,374 shares in the company, valued at approximately $5,232,017.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,239 shares of company stock valued at $3,197,469. Company insiders own 0.22% of the company’s stock.

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.