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Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Park Avenue Securities LLC

Electronic Arts logo with Consumer Discretionary background

Park Avenue Securities LLC lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 166.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,546 shares of the game software company's stock after buying an additional 6,595 shares during the quarter. Park Avenue Securities LLC's holdings in Electronic Arts were worth $1,399,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EA. Cape Investment Advisory Inc. increased its holdings in Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company's stock valued at $27,000 after acquiring an additional 101 shares during the last quarter. Larson Financial Group LLC bought a new stake in Electronic Arts in the 4th quarter valued at $30,000. Private Wealth Management Group LLC bought a new stake in Electronic Arts in the 4th quarter valued at $31,000. Venturi Wealth Management LLC increased its holdings in Electronic Arts by 81.0% in the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company's stock valued at $31,000 after acquiring an additional 102 shares during the last quarter. Finally, CVA Family Office LLC bought a new stake in Electronic Arts in the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Performance

Electronic Arts stock traded down $0.60 during mid-day trading on Tuesday, reaching $140.63. 1,654,349 shares of the company traded hands, compared to its average volume of 2,143,423. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The company has a market capitalization of $37.37 billion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 2.21 and a beta of 0.80. The firm's fifty day moving average is $131.91 and its two-hundred day moving average is $134.87.


Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.09 by ($0.17). The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. On average, equities research analysts expect that Electronic Arts Inc. will post 5.7 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th were paid a $0.19 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. Electronic Arts's payout ratio is currently 16.24%.

Wall Street Analyst Weigh In

EA has been the topic of a number of research reports. Oppenheimer restated an "outperform" rating and issued a $150.00 target price on shares of Electronic Arts in a report on Friday. Benchmark restated a "buy" rating and issued a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. UBS Group reduced their target price on shares of Electronic Arts from $146.00 to $143.00 and set a "neutral" rating on the stock in a report on Wednesday, March 27th. Stifel Nicolaus upped their price target on shares of Electronic Arts from $150.00 to $163.00 and gave the company a "buy" rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Electronic Arts from $153.00 to $150.00 and set a "hold" rating on the stock in a report on Thursday, May 9th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Electronic Arts has a consensus rating of "Moderate Buy" and an average price target of $147.50.

Get Our Latest Stock Analysis on Electronic Arts

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 4,639 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total transaction of $622,321.85. Following the sale, the chief executive officer now directly owns 66,747 shares of the company's stock, valued at $8,954,110.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Eric Charles Kelly sold 3,000 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $133.75, for a total transaction of $401,250.00. Following the sale, the chief accounting officer now directly owns 7,458 shares of the company's stock, valued at $997,507.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 4,639 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total transaction of $622,321.85. Following the sale, the chief executive officer now directly owns 66,747 shares in the company, valued at $8,954,110.05. The disclosure for this sale can be found here. Insiders have sold 21,039 shares of company stock worth $2,763,319 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

About Electronic Arts

(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

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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