1,532 Shares in Electronic Arts Inc. (NASDAQ:EA) Purchased by Ground Swell Capital LLC

Ground Swell Capital LLC bought a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,532 shares of the game software company’s stock, valued at approximately $224,000.

Several other hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. boosted its stake in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts during the fourth quarter worth $32,000. LGT Financial Advisors LLC acquired a new position in shares of Electronic Arts during the fourth quarter worth $33,000. Millstone Evans Group LLC bought a new position in shares of Electronic Arts in the 4th quarter valued at $37,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Electronic Arts during the 4th quarter valued at $41,000. 90.23% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the transaction, the chief executive officer now directly owns 37,615 shares of the company’s stock, valued at $4,895,216.10. This represents a 11.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $155.57, for a total value of $388,925.00. Following the sale, the insider now directly owns 40,189 shares of the company’s stock, valued at $6,252,202.73. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock worth $3,118,120 over the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EA shares. Citigroup reduced their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Oppenheimer upped their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday. Ascendiant Capital Markets lifted their price target on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Moffett Nathanson reissued a “neutral” rating and issued a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday. Finally, Bank of America raised their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Fifteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $161.83.

Electronic Arts Stock Performance

Shares of EA stock opened at $153.30 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $143.36 and a two-hundred day simple moving average of $144.90. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The firm has a market capitalization of $39.95 billion, a PE ratio of 39.01, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Wednesday, May 28th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

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.