Mission Wealth Management LP Purchases 461 Shares of Electronic Arts Inc. (NASDAQ:EA)

Mission Wealth Management LP raised its position in Electronic Arts Inc. (NASDAQ:EA) by 11.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,474 shares of the game software company’s stock after buying an additional 461 shares during the quarter. Mission Wealth Management LP’s holdings in Electronic Arts were worth $647,000 at the end of the most recent quarter.

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 in the fourth quarter valued at approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the 1st quarter valued at $28,000. Whipplewood Advisors LLC bought a new position in shares of Electronic Arts in the 4th quarter valued at $32,000. LGT Financial Advisors LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth $33,000. Finally, Millstone Evans Group LLC bought a new stake in shares of Electronic Arts during the 4th quarter worth $37,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In related news, CFO Stuart Canfield sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $151.32, for a total transaction of $151,320.00. Following the sale, the chief financial officer now directly owns 14,533 shares in the company, valued at approximately $2,199,133.56. This represents a 6.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the completion of the transaction, the chief executive officer now owns 32,615 shares of the company’s stock, valued at $4,647,637.50. This represents a 13.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,229 shares of company stock valued at $4,330,699. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Down 0.5%

EA stock opened at $150.33 on Wednesday. The stock has a market cap of $37.70 billion, a P/E ratio of 35.46, a P/E/G ratio of 2.08 and a beta of 0.71. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $147.52 and its two-hundred day simple moving average is $142.97. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts’s payout ratio is 17.92%.

Analyst Upgrades and Downgrades

EA has been the subject of several research analyst reports. HSBC raised Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Wednesday, May 7th. Moffett Nathanson reissued a “neutral” rating and issued a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, May 7th. Morgan Stanley raised their target price on shares of Electronic Arts from $135.00 to $148.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 7th. Roth Capital reiterated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, May 7th. Finally, Wedbush raised their price objective on Electronic Arts from $179.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $161.88.

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.