Focus Partners Wealth Boosts Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Focus Partners Wealth raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 121.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,422 shares of the game software company’s stock after buying an additional 5,725 shares during the quarter. Focus Partners Wealth’s holdings in Electronic Arts were worth $1,525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. grew its stake in shares of Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after acquiring an additional 117 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts during the fourth quarter worth about $32,000. LGT Financial Advisors LLC purchased a new stake in shares of Electronic Arts during the fourth quarter worth about $33,000. Millstone Evans Group LLC purchased a new stake in shares of Electronic Arts during the fourth quarter worth about $37,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Electronic Arts during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In other news, CFO Stuart Canfield sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the completion of the transaction, the chief financial officer now directly owns 9,516 shares of the company’s stock, valued at $1,238,126.76. This represents a 9.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total value of $218,475.00. Following the transaction, the executive vice president now directly owns 19,033 shares of the company’s stock, valued at approximately $2,772,156.45. The trade was a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,500 shares of company stock valued at $3,342,580 in the last three months. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Trading Up 1.3%

Shares of EA stock opened at $151.54 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $39.49 billion, a price-to-earnings ratio of 38.56, a PEG ratio of 3.58 and a beta of 0.74. The stock has a 50 day simple moving average of $144.51 and a 200-day simple moving average of $145.05. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Wednesday, May 28th. Electronic Arts’s payout ratio is 17.92%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EA. Ascendiant Capital Markets boosted their price target on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Roth Mkm dropped their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group upped their target price on Electronic Arts from $135.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Finally, DA Davidson initiated coverage on Electronic Arts in a research report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 target price on the stock. Fifteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $161.83.

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.