Roberts Wealth Advisors LLC Acquires New Shares in Electronic Arts Inc. (NASDAQ:EA)

Roberts Wealth Advisors LLC bought a new position in Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,739 shares of the game software company’s stock, valued at approximately $3,090,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Huntington National Bank boosted its holdings in Electronic Arts by 983.4% in the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after purchasing an additional 234,098 shares in the last quarter. Dai ichi Life Insurance Company Ltd boosted its stake in shares of Electronic Arts by 20.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock worth $9,205,000 after acquiring an additional 11,058 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Electronic Arts by 5.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company’s stock valued at $12,078,000 after acquiring an additional 4,702 shares during the last quarter. Greenwood Capital Associates LLC acquired a new position in shares of Electronic Arts during the 3rd quarter valued at about $5,597,000. Finally, Chesapeake Capital Corp IL bought a new position in shares of Electronic Arts in the 3rd quarter valued at approximately $950,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

NASDAQ:EA opened at $143.28 on Wednesday. The firm has a market capitalization of $37.58 billion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 1.86 and a beta of 0.80. 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 Inc. has a 12-month low of $124.92 and a 12-month high of $168.50. The firm has a 50-day moving average price of $154.65 and a 200 day moving average price of $149.25.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts’s payout ratio is presently 19.54%.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the sale, the chief executive officer now owns 52,615 shares in the company, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00. Following the completion of the transaction, the insider now owns 28,190 shares in the company, valued at approximately $4,251,897.70. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,500 shares of company stock worth $3,637,660 in the last 90 days. 0.22% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on EA. Robert W. Baird increased their price target on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets reiterated an “outperform” rating and issued a $160.00 target price (up from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. Wedbush reissued an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.68.

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.