Resonant Capital Advisors LLC Acquires 209 Shares of Electronic Arts Inc. (NASDAQ:EA)

Resonant Capital Advisors LLC raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,482 shares of the game software company’s stock after purchasing an additional 209 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Electronic Arts were worth $2,221,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Electronic Arts by 14.7% in the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after acquiring an additional 3,727,251 shares during the period. Capital International Investors raised its stake in shares of Electronic Arts by 16.4% in the first quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock valued at $782,920,000 after acquiring an additional 833,492 shares during the period. Ninety One UK Ltd raised its stake in shares of Electronic Arts by 1.3% in the second quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock valued at $596,825,000 after acquiring an additional 53,237 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Electronic Arts by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after acquiring an additional 18,376 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Electronic Arts by 2.1% in the second quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock valued at $367,789,000 after acquiring an additional 53,800 shares during the period. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Up 0.1 %

EA stock opened at $144.35 on Friday. The firm has a 50 day moving average of $145.17 and a 200 day moving average of $139.07. The stock has a market capitalization of $38.36 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 1.95 and a beta of 0.79. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52 week low of $119.92 and a 52 week high of $153.51.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. Sell-side analysts forecast that Electronic Arts Inc. will post 5.93 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s payout ratio is presently 16.24%.

Analyst Ratings Changes

EA has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Bank of America raised their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. StockNews.com raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Citigroup downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and raised their price target for the stock from $148.00 to $161.00 in a research note on Monday, July 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $154.00 price target on shares of Electronic Arts in a research note on Wednesday. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.94.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $142.42, for a total value of $356,050.00. Following the completion of the sale, the chief executive officer now owns 59,247 shares of the company’s stock, valued at approximately $8,437,957.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the sale, the insider now owns 29,190 shares of the company’s stock, valued at $4,181,175.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $142.42, for a total transaction of $356,050.00. Following the sale, the chief executive officer now directly owns 59,247 shares in the company, valued at approximately $8,437,957.74. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,770 shares of company stock valued at $3,643,785. 0.22% of the stock is owned by corporate insiders.

Electronic Arts 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.