Reston Wealth Management LLC Buys New Shares in Electronic Arts Inc. (NASDAQ:EA)

Reston Wealth Management LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 250 shares of the game software company’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Electronic Arts by 82.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock worth $3,327,000 after purchasing an additional 11,343 shares during the period. FORA Capital LLC lifted its position in shares of Electronic Arts by 209.7% during the first quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock worth $6,101,000 after purchasing an additional 31,136 shares during the last quarter. Duality Advisers LP bought a new position in Electronic Arts in the first quarter worth about $1,711,000. State Board of Administration of Florida Retirement System lifted its holdings in Electronic Arts by 13.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 348,670 shares of the game software company’s stock worth $46,258,000 after acquiring an additional 41,567 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Electronic Arts by 14.7% in the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after acquiring an additional 3,727,251 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 1,260 shares of Electronic Arts stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $148.37, for a total transaction of $186,946.20. Following the transaction, the chief financial officer now directly owns 7,553 shares of the company’s stock, valued at approximately $1,120,638.61. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Stuart Canfield sold 1,260 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $148.37, for a total transaction of $186,946.20. Following the sale, the chief financial officer now owns 7,553 shares in the company, valued at approximately $1,120,638.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the sale, the insider now owns 31,190 shares in the company, valued at approximately $4,675,692.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,644 shares of company stock valued at $3,491,207 over the last three months. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $151.26 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $39.96 billion, a PE ratio of 38.88, a P/E/G ratio of 2.04 and a beta of 0.79. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $153.51. The company has a 50-day moving average price of $144.96 and a two-hundred day moving average price of $140.19.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. Equities analysts forecast that Electronic Arts Inc. will post 5.93 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EA shares. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday. Citigroup downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and boosted their target price for the company from $148.00 to $161.00 in a research note on Monday, July 15th. Bank of America boosted their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Oppenheimer upped their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Finally, Jefferies Financial Group initiated coverage on shares of Electronic Arts in a research report on Thursday, July 11th. They set a “buy” rating and a $165.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $164.39.

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.