1,933 Shares in Electronic Arts Inc. (NASDAQ:EA) Bought by Northstar Advisory Group LLC

Northstar Advisory Group LLC bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,933 shares of the game software company’s stock, valued at approximately $264,000.

Other large investors have also recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Electronic Arts by 0.3% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 34,102 shares of the game software company’s stock valued at $4,106,000 after purchasing an additional 86 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. raised its position in shares of Electronic Arts by 0.3% in the 3rd quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company’s stock valued at $3,261,000 after acquiring an additional 87 shares during the period. Beacon Pointe Advisors LLC raised its position in shares of Electronic Arts by 5.0% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 1,900 shares of the game software company’s stock valued at $246,000 after acquiring an additional 91 shares during the period. Whittier Trust Co. raised its position in shares of Electronic Arts by 4.1% in the 4th quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock valued at $322,000 after acquiring an additional 93 shares during the period. Finally, SRS Capital Advisors Inc. raised its position in shares of Electronic Arts by 7.5% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the game software company’s stock valued at $164,000 after acquiring an additional 95 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wolfe Research initiated coverage on shares of Electronic Arts in a research report on Tuesday, December 12th. They issued a “peer perform” rating on the stock. Stifel Nicolaus raised their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. UBS Group dropped their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday. BMO Capital Markets assumed coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective on the stock. Finally, Wedbush reiterated an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Electronic Arts Stock Performance

NASDAQ:EA opened at $132.10 on Thursday. The company has a market capitalization of $35.32 billion, a PE ratio of 33.22, a P/E/G ratio of 1.94 and a beta of 0.77. The company has a 50 day simple moving average of $137.56 and a two-hundred day simple moving average of $133.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.29 EPS. Research analysts anticipate that Electronic Arts Inc. will post 5.36 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Tuesday, February 27th. Electronic Arts’s dividend payout ratio is currently 19.14%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $138.88, for a total transaction of $347,200.00. Following the transaction, the chief executive officer now directly owns 30,930 shares in the company, valued at approximately $4,295,558.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $138.88, for a total transaction of $347,200.00. Following the sale, the chief executive officer now directly owns 30,930 shares in the company, valued at approximately $4,295,558.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $140.26, for a total value of $210,390.00. Following the completion of the sale, the chief financial officer now directly owns 4,894 shares of the company’s stock, valued at approximately $686,432.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,144 shares of company stock worth $5,160,804. Corporate insiders own 0.20% of the company’s stock.

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.