Northstar Advisory Group LLC Invests $1.58 Million in Electronic Arts Inc. (NASDAQ:EA)

Northstar Advisory Group LLC purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 10,780 shares of the game software company’s stock, valued at approximately $1,577,000.

Other hedge funds have also bought and sold shares of the company. Private Advisor Group LLC raised its holdings in Electronic Arts by 18.4% in the second quarter. Private Advisor Group LLC now owns 3,526 shares of the game software company’s stock worth $491,000 after buying an additional 548 shares during the last quarter. Choreo LLC bought a new position in Electronic Arts in the 2nd quarter valued at approximately $460,000. Johnson Investment Counsel Inc. boosted its stake in Electronic Arts by 14.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 2,041 shares of the game software company’s stock valued at $284,000 after purchasing an additional 255 shares during the last quarter. Meeder Advisory Services Inc. increased its holdings in shares of Electronic Arts by 38.8% in the 2nd quarter. Meeder Advisory Services Inc. now owns 2,672 shares of the game software company’s stock worth $372,000 after purchasing an additional 747 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Electronic Arts by 49.7% in the second quarter. Federated Hermes Inc. now owns 123,548 shares of the game software company’s stock worth $17,214,000 after purchasing an additional 41,035 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $145.87, for a total value of $364,675.00. Following the sale, the chief executive officer now owns 51,747 shares of the company’s stock, valued at approximately $7,548,334.89. This represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stuart Canfield sold 1,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $148.18, for a total transaction of $148,180.00. Following the transaction, the chief financial officer now owns 8,750 shares in the company, valued at $1,296,575. The trade was a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,500 shares of company stock worth $3,639,565. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on EA. Wedbush reiterated an “outperform” rating and issued a $170.00 price objective on shares of Electronic Arts in a report on Friday, October 25th. JPMorgan Chase & Co. decreased their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Morgan Stanley restated an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. UBS Group increased their price target on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $165.37.

Electronic Arts Price Performance

Shares of Electronic Arts stock traded up $1.11 on Monday, hitting $141.96. 2,074,203 shares of the company traded hands, compared to its average volume of 1,781,065. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $37.23 billion, a P/E ratio of 36.49, a price-to-earnings-growth ratio of 2.06 and a beta of 0.80. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50. The business has a 50-day simple moving average of $156.89 and a 200 day simple moving average of $149.08.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is 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.