Private Advisor Group LLC Buys 1,506 Shares of Electronic Arts Inc. (NASDAQ:EA)

Private Advisor Group LLC raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 104.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,951 shares of the game software company’s stock after acquiring an additional 1,506 shares during the quarter. Private Advisor Group LLC’s holdings in Electronic Arts were worth $427,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Putney Financial Group LLC acquired a new position in shares of Electronic Arts during the fourth quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the 1st quarter valued at $28,000. LGT Financial Advisors LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at $33,000. Wayfinding Financial LLC acquired a new position in shares of Electronic Arts in the 1st quarter valued at $39,000. Finally, American National Bank & Trust acquired a new position in shares of Electronic Arts in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the topic of a number of analyst reports. Hsbc Global Res raised Electronic Arts from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 7th. HSBC upgraded Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Wednesday, May 7th. Wedbush restated an “outperform” rating and set a $210.00 price objective on shares of Electronic Arts in a research note on Tuesday, July 22nd. Argus set a $170.00 target price on shares of Electronic Arts in a research note on Friday, May 16th. Finally, UBS Group raised their price objective on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Fifteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $164.44.

Insider Activity

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $148.32, for a total transaction of $222,480.00. Following the sale, the executive vice president owned 28,448 shares of the company’s stock, valued at approximately $4,219,407.36. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $159.53, for a total transaction of $159,530.00. Following the sale, the insider directly owned 37,131 shares in the company, valued at approximately $5,923,508.43. The trade was a 2.62% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,729 shares of company stock valued at $4,677,324. 0.24% of the stock is owned by insiders.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $156.26 on Thursday. The company’s 50 day simple moving average is $151.10 and its 200 day simple moving average is $143.06. The stock has a market capitalization of $39.26 billion, a price-to-earnings ratio of 39.16, a price-to-earnings-growth ratio of 2.01 and a beta of 0.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.49%. Electronic Arts’s dividend payout ratio (DPR) is 19.05%.

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.