Brookstone Capital Management purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA – Get Rating) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,588 shares of the game software company's stock, valued at approximately $702,000.
Several other institutional investors and hedge funds have also bought and sold shares of EA. Bradley Foster & Sargent Inc. CT boosted its position in shares of Electronic Arts by 2.1% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 4,096 shares of the game software company's stock valued at $540,000 after purchasing an additional 85 shares during the period. Family Legacy Inc. boosted its holdings in shares of Electronic Arts by 2.8% in the first quarter. Family Legacy Inc. now owns 3,171 shares of the game software company's stock valued at $401,000 after acquiring an additional 85 shares during the period. Newfound Research LLC grew its position in shares of Electronic Arts by 8.6% during the first quarter. Newfound Research LLC now owns 1,160 shares of the game software company's stock worth $147,000 after acquiring an additional 92 shares during the last quarter. Jacobi Capital Management LLC increased its holdings in shares of Electronic Arts by 6.1% in the 1st quarter. Jacobi Capital Management LLC now owns 1,713 shares of the game software company's stock valued at $217,000 after acquiring an additional 98 shares during the period. Finally, ICICI Prudential Asset Management Co Ltd raised its position in Electronic Arts by 15.8% in the 1st quarter. ICICI Prudential Asset Management Co Ltd now owns 808 shares of the game software company's stock valued at $103,000 after purchasing an additional 110 shares during the last quarter. 90.65% of the stock is currently owned by institutional investors and hedge funds.
Get Electronic Arts alerts:Electronic Arts Price Performance
Shares of NASDAQ EA opened at $117.42 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. The stock has a market cap of $32.65 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 3.72 and a beta of 0.84. The company's 50-day moving average price is $128.21 and its 200 day moving average price is $127.22. Electronic Arts Inc. has a 52 week low of $109.24 and a 52 week high of $146.72.
Electronic Arts Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, August 31st were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.76 annualized dividend and a dividend yield of 0.65%. Electronic Arts's dividend payout ratio is currently 24.05%.Insider Activity at Electronic Arts
In related news, CEO Andrew Wilson sold 7,373 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $130.05, for a total transaction of $958,858.65. Following the sale, the chief executive officer now owns 29,242 shares of the company's stock, valued at $3,802,922.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Electronic Arts news, insider Jacob J. Schatz sold 6,816 shares of the business's stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $132.52, for a total value of $903,256.32. Following the completion of the transaction, the insider now directly owns 17,251 shares in the company, valued at approximately $2,286,102.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 7,373 shares of the firm's stock in a transaction on Monday, August 29th. The stock was sold at an average price of $130.05, for a total value of $958,858.65. Following the sale, the chief executive officer now owns 29,242 shares in the company, valued at approximately $3,802,922.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,901 shares of company stock valued at $12,015,172. 0.37% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on EA shares. Bank of America raised their price objective on shares of Electronic Arts from $148.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, August 3rd. Atlantic Securities downgraded Electronic Arts from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $140.00 to $130.00 in a research note on Thursday, September 15th. They noted that the move was a valuation call. Ascendiant Capital Markets set a $160.00 target price on Electronic Arts in a research note on Monday, June 20th. The Goldman Sachs Group upped their price target on Electronic Arts from $125.00 to $133.00 and gave the stock a "neutral" rating in a research note on Thursday, June 9th. Finally, Credit Suisse Group dropped their price objective on shares of Electronic Arts from $159.00 to $154.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 3rd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.64.
Electronic Arts Company Profile
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Electronic Arts (EA)
- The Institutions Hold On To Darden Restaurants International
- What Steelcase's Earnings Say About the Return to the Office?
- These 3 Big Dividend Payers Also Boast Strong Price Growth
- Is The Golden Age Of Homebuilding Already Over?
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.