Modera Wealth Management LLC Buys 660 Shares of Electronic Arts Inc. (NASDAQ:EA)

Modera Wealth Management LLC boosted its position in Electronic Arts Inc. (NASDAQ:EA) by 0.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,976 shares of the game software company’s stock after buying an additional 660 shares during the period. Modera Wealth Management LLC owned approximately 0.05% of Electronic Arts worth $20,652,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. North Star Investment Management Corp. increased its position in shares of Electronic Arts by 333.3% during the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after acquiring an additional 150 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in Electronic Arts during the 1st quarter valued at about $27,000. Opal Wealth Advisors LLC acquired a new position in Electronic Arts during the 2nd quarter valued at about $28,000. Family Firm Inc. bought a new stake in Electronic Arts during the 2nd quarter worth approximately $33,000. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of Electronic Arts in the first quarter worth approximately $35,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EA. Benchmark reiterated a “buy” rating and set a $163.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Citigroup lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and upped their target price for the stock from $148.00 to $161.00 in a research note on Monday, July 15th. Stifel Nicolaus raised their price target on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group boosted their price target on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, UBS Group increased their price objective on shares of Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average target price of $162.76.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total transaction of $353,750.00. Following the completion of the transaction, the chief executive officer now owns 54,247 shares of the company’s stock, valued at approximately $7,675,950.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the sale, the chief executive officer now owns 54,247 shares in the company, valued at approximately $7,675,950.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the transaction, the insider now owns 29,190 shares of the company’s stock, valued at approximately $4,181,175.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,270 shares of company stock worth $3,287,735 in the last quarter. 0.22% of the stock is owned by company insiders.

Electronic Arts Price Performance

EA opened at $145.20 on Friday. The firm has a 50-day moving average price of $145.01 and a 200-day moving average price of $139.58. Electronic Arts Inc. has a twelve month low of $119.92 and a twelve month high of $153.51. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $38.36 billion, a price-to-earnings ratio of 34.16, a PEG ratio of 1.97 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. Equities analysts expect that Electronic Arts Inc. will post 5.93 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is 17.88%.

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.