Kestra Private Wealth Services LLC Buys 2,661 Shares of Electronic Arts Inc. (NASDAQ:EA)

Kestra Private Wealth Services LLC increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 84.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,805 shares of the game software company’s stock after buying an additional 2,661 shares during the period. Kestra Private Wealth Services LLC’s holdings in Electronic Arts were worth $849,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EA. Swedbank AB boosted its holdings in shares of Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after purchasing an additional 95,190 shares during the period. Atomi Financial Group Inc. purchased a new stake in shares of Electronic Arts in the fourth quarter valued at approximately $217,000. Huntington National Bank boosted its holdings in shares of Electronic Arts by 983.4% in the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after purchasing an additional 234,098 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Electronic Arts in the fourth quarter valued at approximately $13,845,000. Finally, Dai ichi Life Insurance Company Ltd boosted its holdings in shares of Electronic Arts by 20.8% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock valued at $9,205,000 after purchasing an additional 11,058 shares during the period. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Bank of America boosted their price target on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a report on Monday, January 27th. Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a report on Friday, January 31st. UBS Group upped their target price on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, 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 report on Tuesday, January 21st. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $155.24.

Electronic Arts Price Performance

NASDAQ EA opened at $129.82 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.43. The stock’s fifty day moving average price is $141.18 and its 200 day moving average price is $147.02. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a market cap of $33.83 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 2.74 and a beta of 0.79.

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

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

Insider Activity at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $156.27, for a total transaction of $234,405.00. Following the sale, the executive vice president now directly owns 24,886 shares of the company’s stock, valued at approximately $3,888,935.22. This trade represents a 5.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the sale, the chief executive officer now directly owns 52,615 shares in the company, valued at $8,758,819.05. This represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,500 shares of company stock valued at $3,644,635 in the last ninety days. Company insiders own 0.22% of the company’s stock.

Electronic Arts Company 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.