RBA Wealth Management LLC Raises Position in Electronic Arts Inc. $EA

RBA Wealth Management LLC grew its holdings in Electronic Arts Inc. (NASDAQ:EA) by 0.6% during the second quarter, HoldingsChannel reports. The firm owned 28,385 shares of the game software company’s stock after acquiring an additional 182 shares during the period. Electronic Arts comprises about 1.7% of RBA Wealth Management LLC’s investment portfolio, making the stock its 29th biggest holding. RBA Wealth Management LLC’s holdings in Electronic Arts were worth $4,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of EA. Brighton Jones LLC grew its position in Electronic Arts by 9.4% during the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after buying an additional 294 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Electronic Arts by 4.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,951 shares of the game software company’s stock worth $282,000 after purchasing an additional 84 shares during the last quarter. Versant Capital Management Inc boosted its stake in Electronic Arts by 299.1% during the 1st quarter. Versant Capital Management Inc now owns 1,872 shares of the game software company’s stock valued at $271,000 after purchasing an additional 1,403 shares during the period. Moody National Bank Trust Division raised its position in shares of Electronic Arts by 2.8% during the 1st quarter. Moody National Bank Trust Division now owns 5,306 shares of the game software company’s stock worth $767,000 after buying an additional 143 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Electronic Arts by 11,587.9% during the first quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company’s stock valued at $96,737,000 after acquiring an additional 663,640 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $171.52, for a total transaction of $205,824.00. Following the completion of the transaction, the insider directly owned 34,731 shares in the company, valued at $5,957,061.12. This trade represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jacob J. Schatz 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 sale, the executive vice president directly owned 26,080 shares in the company, valued at $4,473,241.60. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,800 shares of company stock worth $5,077,960 over the last ninety days. 0.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Citigroup restated a “neutral” rating on shares of Electronic Arts in a research note on Friday. DA Davidson lifted their price target on Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, August 11th. UBS Group set a $167.00 target price on Electronic Arts and gave the company a “neutral” rating in a report on Friday, August 1st. Roth Capital upgraded Electronic Arts from a “neutral” rating to a “buy” rating and lifted their price target for the company from $175.00 to $185.00 in a report on Tuesday, June 24th. Finally, Wells Fargo & Company set a $168.00 price target on Electronic Arts and gave the company an “equal weight” rating in a report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.40.

Electronic Arts Stock Performance

NASDAQ EA opened at $193.35 on Friday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $197.33. The company’s 50-day simple moving average is $167.67 and its 200 day simple moving average is $154.56. The stock has a market cap of $48.38 billion, a P/E ratio of 48.46, a PEG ratio of 2.94 and a beta of 0.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

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

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.