Resonant Capital Advisors LLC Has $2 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Resonant Capital Advisors LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,597 shares of the game software company’s stock after acquiring an additional 803 shares during the period. Resonant Capital Advisors LLC’s holdings in Electronic Arts were worth $1,997,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cetera Advisor Networks LLC increased its position in shares of Electronic Arts by 11.7% in the first quarter. Cetera Advisor Networks LLC now owns 3,466 shares of the game software company’s stock worth $439,000 after purchasing an additional 363 shares during the period. Raymond James Trust N.A. lifted its stake in Electronic Arts by 8.4% in the 1st quarter. Raymond James Trust N.A. now owns 4,459 shares of the game software company’s stock valued at $564,000 after purchasing an additional 347 shares during the last quarter. Cibc World Market Inc. grew its position in Electronic Arts by 3.8% during the 1st quarter. Cibc World Market Inc. now owns 14,997 shares of the game software company’s stock worth $1,897,000 after acquiring an additional 548 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Electronic Arts by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 866,675 shares of the game software company’s stock valued at $109,653,000 after buying an additional 13,934 shares during the last quarter. Finally, Prudential PLC grew its position in shares of Electronic Arts by 208.9% in the 1st quarter. Prudential PLC now owns 14,112 shares of the game software company’s stock valued at $1,785,000 after buying an additional 9,544 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $138.88, for a total value of $347,200.00. Following the completion of the transaction, the chief executive officer now directly owns 30,930 shares of the company’s stock, valued at $4,295,558.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $138.88, for a total value of $347,200.00. Following the sale, the chief executive officer now directly owns 30,930 shares of the company’s stock, valued at approximately $4,295,558.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now directly owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The disclosure for this sale can be found here. Insiders sold 37,144 shares of company stock valued at $5,143,560 over the last quarter. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Benchmark reissued a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research note on Thursday. BMO Capital Markets started coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target for the company. Stifel Nicolaus upped their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Wedbush reiterated an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Finally, UBS Group cut their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, March 27th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and an average target price of $147.00.

Electronic Arts Trading Up 1.1 %

EA traded up $1.43 during trading on Friday, hitting $127.06. 1,055,205 shares of the stock traded hands, compared to its average volume of 2,029,505. The firm has a market capitalization of $33.97 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a 50-day moving average of $135.02 and a 200 day moving average of $134.25.

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

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. Electronic Arts’s dividend payout ratio is presently 19.14%.

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.