MGO One Seven LLC Buys New Holdings in Electronic Arts Inc. $EA

MGO One Seven LLC bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 1,986 shares of the game software company’s stock, valued at approximately $317,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EA. Bank of Jackson Hole Trust raised its stake in 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 purchasing an additional 75 shares during the period. Wayfinding Financial LLC bought a new stake in Electronic Arts during the 1st quarter valued at approximately $39,000. Costello Asset Management INC bought a new stake in Electronic Arts during the 1st quarter valued at approximately $40,000. ORG Partners LLC raised its stake in Electronic Arts by 47.6% during the 2nd quarter. ORG Partners LLC now owns 251 shares of the game software company’s stock valued at $40,000 after purchasing an additional 81 shares during the period. Finally, WPG Advisers LLC bought a new stake in Electronic Arts in the 1st quarter worth approximately $41,000. Institutional investors own 90.23% of the company’s stock.

Insider Activity

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the transaction, the chief executive officer owned 52,393 shares of the company’s stock, valued at approximately $8,961,822.65. The trade was a 8.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jacob J. Schatz sold 1,200 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $171.52, for a total value of $205,824.00. Following the transaction, the executive vice president owned 26,080 shares of the company’s stock, valued at approximately $4,473,241.60. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,900 shares of company stock worth $6,745,437. Company insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ EA opened at $200.30 on Monday. The company has a market cap of $50.12 billion, a P/E ratio of 50.20, a P/E/G ratio of 3.04 and a beta of 0.77. 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 business’s 50 day moving average price is $180.90 and its 200-day moving average price is $160.64. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $203.75.

Electronic Arts Dividend Announcement

The business also recently announced 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 payout ratio is currently 19.05%.

Analysts Set New Price Targets

A number of analysts have issued reports on EA shares. Bank of America lifted their price objective on Electronic Arts from $166.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Arete Research set a $192.00 price objective on Electronic Arts in a research note on Tuesday, August 5th. HSBC downgraded Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price objective on the stock. in a research note on Monday, September 29th. Cowen downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $210.00 price objective (up previously from $170.00) on shares of Electronic Arts in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $177.00.

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.