Secured Retirement Advisors LLC Takes Position in Electronic Arts Inc. (NASDAQ:EA)

Secured Retirement Advisors LLC bought a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,316 shares of the game software company's stock, valued at approximately $1,202,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EA. Putney Financial Group LLC bought a new position in shares of Electronic Arts in the fourth quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new stake in Electronic Arts during the first quarter worth approximately $28,000. LGT Financial Advisors LLC acquired a new stake in Electronic Arts during the fourth quarter worth approximately $33,000. Millstone Evans Group LLC bought a new stake in shares of Electronic Arts during the fourth quarter worth approximately $37,000. Finally, Wayfinding Financial LLC acquired 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.

Analyst Ratings Changes

Several analysts recently issued reports on EA shares. Argus set a $170.00 price target on Electronic Arts in a research note on Friday, May 16th. Roth Capital raised Electronic Arts from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $175.00 to $185.00 in a report on Tuesday, June 24th. Moffett Nathanson restated a "neutral" rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, May 7th. Benchmark lifted their price objective on shares of Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Finally, TD Cowen increased their target price on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Fourteen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $162.71.

Electronic Arts Price Performance

NASDAQ:EA traded up $0.94 during trading hours on Monday, hitting $149.63. The company's stock had a trading volume of 485,455 shares, compared to its average volume of 2,807,241. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a fifty day simple moving average of $151.14 and a 200-day simple moving average of $142.46. The company has a market capitalization of $37.60 billion, a P/E ratio of 35.30, a PEG ratio of 2.02 and a beta of 0.73.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is 17.92%.

Insider Buying and Selling at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction on Monday, June 16th. The shares were sold at an average price of $148.69, for a total transaction of $223,035.00. Following the transaction, the executive vice president owned 29,948 shares in the company, valued at approximately $4,452,968.12. The trade was a 4.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the business'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 completion of the sale, the chief financial officer directly owned 14,533 shares in the company, valued at approximately $2,199,133.56. This represents a 6.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,729 shares of company stock worth $4,784,679 over the last three months. 0.24% of the stock is owned by corporate insiders.

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.