2,367 Shares in Electronic Arts Inc. (NASDAQ:EA) Acquired by Discipline Wealth Solutions LLC

Discipline Wealth Solutions LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,367 shares of the game software company’s stock, valued at approximately $340,000.

Other large investors have also modified their holdings of the company. Sequoia Financial Advisors LLC grew its stake in shares of Electronic Arts by 6.1% in the second quarter. Sequoia Financial Advisors LLC now owns 5,984 shares of the game software company’s stock worth $834,000 after acquiring an additional 345 shares during the last quarter. Wedmont Private Capital raised its position in shares of Electronic Arts by 17.2% during the second quarter. Wedmont Private Capital now owns 2,198 shares of the game software company’s stock valued at $320,000 after buying an additional 322 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Electronic Arts by 18.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,419 shares of the game software company’s stock valued at $1,173,000 after buying an additional 1,294 shares during the period. Assenagon Asset Management S.A. grew its position in Electronic Arts by 206.4% during the second quarter. Assenagon Asset Management S.A. now owns 81,679 shares of the game software company’s stock worth $11,380,000 after buying an additional 55,020 shares in the last quarter. Finally, PICTET BANK & TRUST Ltd increased its stake in Electronic Arts by 3.9% during the second quarter. PICTET BANK & TRUST Ltd now owns 8,615 shares of the game software company’s stock valued at $1,200,000 after acquiring an additional 320 shares during the period. 90.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now owns 29,190 shares in the company, valued at $4,181,175.60. This represents a 3.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the transaction, the chief executive officer now owns 52,615 shares in the company, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock valued at $3,086,270 over the last three months. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EA shares. Roth Mkm increased their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Benchmark reaffirmed a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, October 30th. BMO Capital Markets restated an “outperform” rating and issued a $160.00 target price (up previously from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. Finally, Robert W. Baird lifted their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $165.30 on Wednesday. The business has a 50-day moving average price of $154.87 and a two-hundred day moving average price of $147.00. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50. The stock has a market capitalization of $43.35 billion, a P/E ratio of 42.49, a P/E/G ratio of 2.18 and a beta of 0.79. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Dividend Announcement

The business also recently declared 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 is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.46%. Electronic Arts’s dividend payout ratio is currently 19.54%.

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.