Sagespring Wealth Partners LLC acquired a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,357 shares of the game software company's stock, valued at approximately $217,000.
Several other hedge funds also recently modified their holdings of EA. Bank of Jackson Hole Trust boosted its position 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 period. Frazier Financial Advisors LLC boosted its position in shares of Electronic Arts by 328.9% in the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company's stock valued at $31,000 after acquiring an additional 148 shares during the period. Wayfinding Financial LLC bought a new position in Electronic Arts in the first quarter worth $39,000. Costello Asset Management INC bought a new position in Electronic Arts in the first quarter worth $40,000. Finally, ORG Partners LLC lifted its position in Electronic Arts by 47.6% in the second quarter. ORG Partners LLC now owns 251 shares of the game software company's stock worth $40,000 after purchasing an additional 81 shares during the period. 90.23% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently commented on EA shares. Robert W. Baird reaffirmed a "neutral" rating and issued a $210.00 target price (up from $170.00) on shares of Electronic Arts in a research report on Monday, September 29th. Roth Capital cut Electronic Arts from a "buy" rating to a "neutral" rating and raised their target price for the stock from $185.00 to $210.00 in a research report on Thursday, October 2nd. Baird R W cut Electronic Arts from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Arete Research set a $192.00 target price on Electronic Arts in a research report on Tuesday, August 5th. Finally, Wall Street Zen cut Electronic Arts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $177.00.
Get Our Latest Stock Analysis on Electronic Arts
Insider Buying and Selling
In other news, insider Vijayanthimala Singh sold 1,200 shares of the firm's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $200.31, for a total value of $240,372.00. Following the completion of the sale, the insider directly owned 32,331 shares in the company, valued at approximately $6,476,222.61. This trade represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $172.79, for a total value of $863,950.00. Following the completion of the transaction, the chief executive officer owned 47,393 shares in the company, valued at approximately $8,189,036.47. This represents a 9.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,900 shares of company stock valued at $7,506,487 in the last 90 days. 0.24% of the stock is owned by corporate insiders.
Electronic Arts Stock Performance
Electronic Arts stock opened at $200.30 on Friday. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75. The firm has a market capitalization of $50.12 billion, a P/E ratio of 50.20, a P/E/G ratio of 3.04 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a fifty day moving average price of $180.90 and a two-hundred day moving average price of $160.53.
Electronic Arts Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were paid a $0.19 dividend. The ex-dividend date was Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts's dividend payout ratio (DPR) is 19.05%.
Electronic Arts Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EA - Free Report).
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