Wealth Enhancement Advisory Services LLC Raises Stock Position in Electronic Arts Inc. $EA

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Electronic Arts Inc. by 30.3% during Q2, bringing its total ownership to 21,369 shares worth approximately $3.32 million.
• Brokerages predict growth for Electronic Arts, with Roth Capital upgrading the stock to a "buy" rating and a price target increase to $185.00.
• CEO Andrew Wilson recently sold 5,000 shares of Electronic Arts for about $863,950, representing a 9.54% decrease in his holdings.

Wealth Enhancement Advisory Services LLC raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 30.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,369 shares of the game software company's stock after purchasing an additional 4,972 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Electronic Arts were worth $3,320,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in Electronic Arts during the 1st quarter valued at $28,000. Bank of Jackson Hole Trust boosted its holdings in shares of Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after buying an additional 75 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Electronic Arts during the 1st quarter valued at $39,000. American National Bank & Trust bought a new stake in shares of Electronic Arts during the 1st quarter valued at $40,000. Finally, Costello Asset Management INC bought a new stake in shares of Electronic Arts during the 1st quarter valued at $40,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EA. Roth Capital upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and boosted their target price for the company from $175.00 to $185.00 in a report on Tuesday, June 24th. Arete Research set a $192.00 price target on shares of Electronic Arts in a research note on Tuesday, August 5th. Wells Fargo & Company set a $168.00 price target on shares of Electronic Arts and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Citigroup reiterated a "neutral" rating on shares of Electronic Arts in a research note on Friday. Finally, Wedbush reiterated an "outperform" rating and issued a $210.00 price target on shares of Electronic Arts in a research note on Monday, August 25th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Electronic Arts has an average rating of "Moderate Buy" and a consensus target price of $167.40.

Insider Activity

In other news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $172.79, for a total transaction of $863,950.00. Following the completion of the sale, the chief executive officer owned 47,393 shares of the company's stock, valued at $8,189,036.47. This represents a 9.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Laura Miele sold 2,500 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $171.69, for a total transaction of $429,225.00. Following the sale, the insider directly owned 55,592 shares of the company's stock, valued at $9,544,590.48. The trade was a 4.30% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,800 shares of company stock worth $5,077,960. Company insiders own 0.24% of the company's stock.

Electronic Arts Price Performance

EA opened at $193.35 on Friday. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $197.33. The stock has a market capitalization of $48.38 billion, a P/E ratio of 48.46, a P/E/G ratio of 2.56 and a beta of 0.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The company's 50-day simple moving average is $167.67 and its two-hundred day simple moving average is $154.43.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts's dividend payout ratio is presently 19.05%.

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.

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