Electronic Arts Inc. $EA Shares Purchased by Kozak & Associates Inc.

Kozak & Associates Inc. raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 9.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,507 shares of the game software company’s stock after buying an additional 127 shares during the quarter. Kozak & Associates Inc.’s holdings in Electronic Arts were worth $230,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Putney Financial Group LLC purchased a new stake in Electronic Arts in the fourth quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new position in Electronic Arts during the first quarter worth approximately $28,000. Bank of Jackson Hole Trust boosted its holdings in shares of Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after purchasing an additional 75 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Electronic Arts during the 1st quarter valued at $39,000. Finally, American National Bank & Trust purchased a new stake in shares of Electronic Arts during the 1st quarter valued at $40,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $171.52, for a total value of $205,824.00. Following the completion of the transaction, the insider owned 34,731 shares in the company, valued at $5,957,061.12. This represents a 3.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $152.21, for a total transaction of $761,050.00. Following the sale, the chief executive officer owned 57,393 shares in the company, valued at $8,735,788.53. This represents a 8.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,800 shares of company stock worth $4,214,010 in the last 90 days. 0.24% of the stock is owned by insiders.

Electronic Arts Trading Down 0.2%

NASDAQ:EA opened at $173.17 on Friday. The business’s 50-day moving average is $164.59 and its two-hundred day moving average is $152.85. The firm has a market capitalization of $43.33 billion, a PE ratio of 43.40, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $180.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s payout ratio is 19.05%.

Analyst Ratings Changes

Several brokerages recently weighed in on EA. Arete Research set a $192.00 target price on Electronic Arts in a research report on Tuesday, August 5th. Robert W. Baird upped their price target on Electronic Arts from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Wedbush reaffirmed an “outperform” rating and issued a $210.00 price objective on shares of Electronic Arts in a research note on Monday, August 25th. UBS Group set a $167.00 target price on Electronic Arts and gave the stock a “neutral” rating in a report on Friday, August 1st. Finally, DA Davidson increased their target price on shares of Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and an average price target of $167.40.

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.