AE Wealth Management LLC Grows Holdings in Electronic Arts Inc. (NASDAQ:EA)

Key Points

• AE Wealth Management LLC increased its holdings in Electronic Arts Inc. by 44.8%, owning 8,181 shares valued at approximately $1.18 million as of the end of the first quarter.
• Electronic Arts announced a quarterly dividend of $0.19, resulting in an annualized yield of 0.50% and a dividend payout ratio of 17.92%.
• Several investment firms have raised their price targets for Electronic Arts, with Oppenheimer increasing theirs from $170 to $185 and HSBC upgrading the stock from "hold" to "buy".

AE Wealth Management LLC grew its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 44.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,181 shares of the game software company's stock after purchasing an additional 2,533 shares during the period. AE Wealth Management LLC's holdings in Electronic Arts were worth $1,182,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EA. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Electronic Arts by 3.6% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 802,998 shares of the game software company's stock valued at $125,764,000 after purchasing an additional 27,913 shares during the period. Wesleyan Assurance Society grew its holdings in Electronic Arts by 27.7% in the 1st quarter. Wesleyan Assurance Society now owns 41,500 shares of the game software company's stock valued at $5,997,000 after buying an additional 9,000 shares during the period. HighPoint Advisor Group LLC acquired a new position in shares of Electronic Arts during the 1st quarter valued at about $247,000. Crestwood Advisors Group LLC purchased a new position in shares of Electronic Arts during the 1st quarter worth about $1,151,000. Finally, Wealth Alliance LLC boosted its position in shares of Electronic Arts by 58.6% in the first quarter. Wealth Alliance LLC now owns 3,341 shares of the game software company's stock worth $483,000 after acquiring an additional 1,235 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $151.68 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The business has a 50 day moving average price of $151.04 and a two-hundred day moving average price of $142.86. The firm has a market cap of $38.11 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 2.06 and a beta of 0.73.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. Electronic Arts's dividend payout ratio (DPR) is presently 17.92%.

Insider Transactions at Electronic Arts

In related news, CFO Stuart Canfield sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $151.32, for a total transaction of $151,320.00. Following the transaction, the chief financial officer directly owned 14,533 shares in the company, valued at $2,199,133.56. This trade represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $159.50, for a total transaction of $398,750.00. Following the completion of the transaction, the insider directly owned 60,592 shares of the company's stock, valued at approximately $9,664,424. This represents a 3.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,729 shares of company stock valued at $4,822,884 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Oppenheimer increased their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Benchmark increased their target price on Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. HSBC raised Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Wednesday, May 7th. Citigroup restated a "neutral" rating and set a $153.00 price target (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Finally, UBS Group lifted their price objective on Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Fourteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $162.71.

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.

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