3,551 Shares in Electronic Arts Inc. $EA Acquired by Andina Capital Management LLC

Key Points

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Andina Capital Management LLC purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,551 shares of the game software company's stock, valued at approximately $513,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Putney Financial Group LLC bought a new position in Electronic Arts during the fourth quarter worth about $26,000. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts in the first quarter valued at approximately $28,000. Bank of Jackson Hole Trust raised its stake in shares of Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after acquiring an additional 75 shares during the last quarter. LGT Financial Advisors LLC bought a new position in shares of Electronic Arts in the fourth quarter valued at approximately $33,000. Finally, Wayfinding Financial LLC bought a new position in shares of Electronic Arts in the first quarter valued at approximately $39,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total transaction of $855,250.00. Following the completion of the transaction, the chief executive officer owned 52,393 shares of the company's stock, valued at $8,961,822.65. This trade represents a 8.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $171.06, for a total transaction of $171,060.00. Following the completion of the sale, the chief financial officer owned 15,140 shares of the company's stock, valued at $2,589,848.40. The trade was a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,200 shares of company stock worth $4,142,660. Company insiders own 0.24% of the company's stock.

Electronic Arts Trading Down 0.1%

NASDAQ EA traded down $0.15 on Friday, hitting $171.40. The company's stock had a trading volume of 1,707,305 shares, compared to its average volume of 3,491,208. The firm has a market cap of $42.89 billion, a PE ratio of 42.96, a PEG ratio of 2.21 and a beta of 0.72. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $180.90. The company's 50-day moving average is $157.95 and its 200 day moving average is $147.23.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be given a $0.19 dividend. The ex-dividend date is Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts's payout ratio is 19.05%.

Wall Street Analyst Weigh In

EA has been the topic of several research reports. Morgan Stanley upped their price objective on Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Oppenheimer raised their price target on Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Moffett Nathanson reissued a "neutral" rating and set a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, May 7th. Hsbc Global Res raised shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Finally, UBS Group set a $167.00 price objective on shares of Electronic Arts and gave the company a "neutral" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $167.12.

Electronic Arts Company 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.