Wingate Wealth Advisors Inc. Takes $83,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Wingate Wealth Advisors Inc. acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 565 shares of the game software company’s stock, valued at approximately $83,000.

Other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts during the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. raised its position in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares during the period. Reston Wealth Management LLC purchased a new stake in Electronic Arts during the third quarter valued at approximately $36,000. Larson Financial Group LLC raised its position in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares during the period. Finally, SJS Investment Consulting Inc. raised its position in Electronic Arts by 1,458.3% during the fourth quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock valued at $55,000 after purchasing an additional 350 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the sale, the insider now owns 47,514 shares in the company, valued at approximately $6,216,256.62. This trade represents a 5.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the transaction, the insider now owns 28,216 shares of the company’s stock, valued at approximately $3,443,198.48. This trade represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,000 shares of company stock worth $3,889,585 in the last ninety days. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $132.09 on Tuesday. The business has a fifty day moving average of $143.31 and a 200 day moving average of $147.34. The firm has a market capitalization of $34.43 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 2.74 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.43. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, research analysts expect that Electronic Arts Inc. will post 4.99 earnings per share for the current year.

Electronic Arts Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EA shares. Benchmark cut their target price on Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Oppenheimer cut their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Finally, UBS Group increased their price objective on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $155.24.

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.