Kestra Investment Management LLC Buys Shares of 734 Electronic Arts Inc. (NASDAQ:EA)

Kestra Investment Management LLC bought a new stake in Electronic Arts Inc. (NASDAQ:EA) during the fourth quarter, HoldingsChannel.com reports. The firm bought 734 shares of the game software company’s stock, valued at approximately $107,000.

Other large investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter valued at $25,000. Pinnacle Bancorp Inc. boosted its holdings in shares of Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after acquiring an additional 117 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter valued at $36,000. Larson Financial Group LLC boosted its holdings in shares of Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of Electronic Arts by 1,458.3% during the 4th quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock valued at $55,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $129.99 on Friday. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The firm has a market capitalization of $33.88 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 3.51 and a beta of 0.79. The business has a 50-day simple moving average of $137.62 and a 200 day simple moving average of $146.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, research analysts anticipate that Electronic Arts Inc. will post 4.75 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EA shares. Benchmark cut their price objective on Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and raised their target price for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Citigroup lowered their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Stifel Nicolaus lowered their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Finally, Wedbush reaffirmed an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and an average target price of $154.55.

Insider Buying and Selling at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total value of $327,075.00. Following the transaction, the insider now owns 47,514 shares in the company, valued at $6,216,256.62. The trade was a 5.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the transaction, the insider now owns 28,216 shares in the company, valued at $3,443,198.48. The trade was a 3.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,500 shares of company stock worth $2,812,285. 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.