SVB Wealth LLC Invests $4.83 Million in Electronic Arts Inc. (NASDAQ:EA)

SVB Wealth LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 33,000 shares of the game software company’s stock, valued at approximately $4,828,000.

Several other hedge funds have also recently added to or reduced their stakes in EA. Ashton Thomas Securities LLC purchased a new position in Electronic Arts in the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. increased its holdings in shares of Electronic Arts by 141.0% in 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 last quarter. Whipplewood Advisors LLC purchased a new position in Electronic Arts during the fourth quarter worth approximately $32,000. Reston Wealth Management LLC acquired a new position in Electronic Arts during the third quarter worth $36,000. Finally, Larson Financial Group LLC grew its holdings in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Price Performance

Shares of EA opened at $129.12 on Friday. The company has a market cap of $33.65 billion, a P/E ratio of 32.85, a PEG ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average price is $135.08 and its 200 day moving average price is $145.72.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

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

Analyst Ratings Changes

EA has been the topic of several analyst reports. Bank of America lifted their price target on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Robert W. Baird decreased their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Stifel Nicolaus cut their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Benchmark reduced their price target on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Finally, Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Friday, January 31st. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Hold” and an average price target of $154.55.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of the transaction, the chief executive officer now owns 47,615 shares in the company, valued at approximately $7,047,020. The trade was a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the completion of the sale, the chief financial officer now owns 9,516 shares in the company, valued at approximately $1,238,126.76. This represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,500 shares of company stock valued at $3,593,095. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts 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.