Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Claro Advisors LLC

Claro Advisors LLC increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1,865.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,394 shares of the game software company’s stock after purchasing an additional 41,186 shares during the quarter. Claro Advisors LLC’s holdings in Electronic Arts were worth $6,224,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. North Star Investment Management Corp. boosted its position in shares of Electronic Arts by 333.3% during the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after acquiring an additional 150 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the 1st quarter worth about $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the 2nd quarter worth about $28,000. Family Firm Inc. acquired a new position in shares of Electronic Arts during the 2nd quarter worth about $33,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of Electronic Arts during the 1st quarter worth about $35,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Robert W. Baird reissued an “outperform” rating and issued a $170.00 target price on shares of Electronic Arts in a research report on Thursday, September 19th. Benchmark reissued a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. StockNews.com raised Electronic Arts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Finally, Raymond James upped their target price on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $161.94.

Electronic Arts Stock Performance

Shares of EA stock traded down $0.71 during trading hours on Friday, reaching $143.49. 185,023 shares of the company’s stock were exchanged, compared to its average volume of 2,055,156. The company has a market cap of $38.13 billion, a P/E ratio of 30.81, a price-to-earnings-growth ratio of 1.95 and a beta of 0.79. The company’s 50 day moving average is $145.21 and its two-hundred day moving average is $138.94. Electronic Arts Inc. has a 1 year low of $119.92 and a 1 year high of $153.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. Equities research analysts anticipate that Electronic Arts Inc. will post 5.93 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the transaction, the chief executive officer now directly owns 54,247 shares of the company’s stock, valued at $7,675,950.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the transaction, the chief executive officer now directly owns 54,247 shares of the company’s stock, valued at $7,675,950.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares of the company’s stock, valued at $4,675,692.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 24,770 shares of company stock valued at $3,643,785. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts 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.