Captrust Financial Advisors Grows Stake in Electronic Arts Inc. (NASDAQ:EA)

Captrust Financial Advisors increased its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 42.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,105 shares of the game software company's stock after acquiring an additional 3,902 shares during the period. Captrust Financial Advisors' holdings in Electronic Arts were worth $1,917,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pinnacle Bancorp Inc. grew its position in shares of Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after buying an additional 117 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Electronic Arts during the 4th quarter worth approximately $32,000. LGT Financial Advisors LLC bought a new stake in shares of Electronic Arts during the fourth quarter valued at approximately $33,000. Millstone Evans Group LLC purchased a new stake in Electronic Arts in the fourth quarter worth $37,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Electronic Arts in the fourth quarter worth $41,000. 90.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the sale, the chief executive officer now owns 37,615 shares in the company, valued at $4,895,216.10. The trade was a 11.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $149.64, for a total value of $224,460.00. Following the completion of the sale, the executive vice president now directly owns 17,533 shares in the company, valued at $2,623,638.12. This trade represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,500 shares of company stock worth $3,342,580. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Stock Performance

Shares of EA stock traded up $1.97 during trading hours on Friday, reaching $151.54. 3,933,925 shares of the company traded hands, compared to its average volume of 2,725,852. The firm has a 50-day moving average price of $144.23 and a 200 day moving average price of $145.01. The company has a market cap of $39.49 billion, a P/E ratio of 38.56, a P/E/G ratio of 3.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.50%. The ex-dividend date is Wednesday, May 28th. Electronic Arts's dividend payout ratio is currently 17.92%.

Wall Street Analyst Weigh In

Several brokerages have commented on EA. Oppenheimer raised their price objective on Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group lifted their price target on Electronic Arts from $135.00 to $155.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. increased their price objective on shares of Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. TD Cowen lifted their target price on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Morgan Stanley upped their target price on shares of Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $161.83.

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.