Baron Wealth Management LLC Acquires Shares of 1,800 Electronic Arts Inc. (NASDAQ:EA)

Baron Wealth Management LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,800 shares of the game software company’s stock, valued at approximately $258,000.

Several other large investors have also modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new stake in Electronic Arts in the third quarter valued at $25,000. Opal Wealth Advisors LLC acquired a new stake in Electronic Arts in the second quarter valued at $28,000. Family Firm Inc. acquired a new stake in Electronic Arts in the second quarter valued at $33,000. New Covenant Trust Company N.A. acquired a new stake in shares of Electronic Arts during the first quarter valued at $35,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Electronic Arts during the third quarter valued at $36,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the transaction, the insider now owns 31,190 shares in the company, valued at approximately $4,675,692.90. The trade was a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the transaction, the insider now owns 50,433 shares in the company, valued at $7,969,926.99. This represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,884 shares of company stock valued at $3,699,335. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Trading Up 1.6 %

NASDAQ:EA opened at $164.01 on Tuesday. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $164.45. The firm has a market capitalization of $43.02 billion, a P/E ratio of 42.16, a P/E/G ratio of 2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The business has a 50 day simple moving average of $147.57 and a 200 day simple moving average of $142.90.

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 paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s dividend payout ratio is presently 19.54%.

Wall Street Analyst Weigh In

A number of analysts recently commented on EA shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $150.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. Benchmark reaffirmed a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, October 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $160.00 price objective (up previously from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. Argus increased their target price on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus increased their target price on Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $165.37.

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.