Electronic Arts Inc. $EA Shares Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 456.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 695 shares of the game software company’s stock after purchasing an additional 570 shares during the quarter. Golden State Wealth Management LLC’s holdings in Electronic Arts were worth $111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EA. Norden Group LLC acquired a new position in shares of Electronic Arts in the 2nd quarter worth approximately $214,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of Electronic Arts during the first quarter worth $319,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Electronic Arts by 34.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock valued at $6,467,000 after buying an additional 10,453 shares in the last quarter. Vest Financial LLC raised its holdings in shares of Electronic Arts by 5.7% in the 2nd quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock valued at $44,408,000 after buying an additional 15,032 shares during the period. Finally, CCM Investment Group LLC acquired a new position in Electronic Arts during the 1st quarter worth about $1,625,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EA has been the topic of a number of recent research reports. Arete upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price target on the stock in a research note on Tuesday, August 5th. Roth Capital lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and increased their target price for the stock from $185.00 to $210.00 in a report on Thursday, October 2nd. Robert W. Baird reaffirmed a “neutral” rating and set a $210.00 price objective (up previously from $170.00) on shares of Electronic Arts in a research report on Monday, September 29th. BMO Capital Markets lifted their target price on Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a report on Tuesday, September 30th. Finally, Wells Fargo & Company set a $168.00 target price on Electronic Arts and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Electronic Arts has a consensus rating of “Hold” and a consensus price target of $181.64.

Electronic Arts Stock Performance

NASDAQ:EA opened at $200.60 on Friday. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $203.75. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $50.03 billion, a PE ratio of 58.65, a price-to-earnings-growth ratio of 3.04 and a beta of 0.74. The business’s fifty day moving average price is $189.02 and its 200 day moving average price is $166.81.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the firm earned $1.11 earnings per share. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. On average, sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 22.22%.

Insider Buying and Selling at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total value of $504,475.00. Following the transaction, the insider directly owned 53,092 shares of the company’s stock, valued at $10,713,434.68. This trade represents a 4.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stuart Canfield sold 6,500 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the completion of the sale, the chief financial officer directly owned 5,140 shares of the company’s stock, valued at approximately $1,045,476. This trade represents a 55.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 39,400 shares of company stock worth $7,359,462. 0.24% of the stock is owned by insiders.

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.