Electronic Arts Inc. $EA Shares Purchased by Frazier Financial Advisors LLC

Frazier Financial Advisors LLC raised its position in Electronic Arts Inc. (NASDAQ:EA) by 328.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 193 shares of the game software company’s stock after purchasing an additional 148 shares during the quarter. Frazier Financial Advisors LLC’s holdings in Electronic Arts were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in EA. Opal Wealth Advisors LLC acquired a new position in Electronic Arts during the 1st quarter worth $28,000. Bank of Jackson Hole Trust lifted its holdings in Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after purchasing an additional 75 shares during the period. Wayfinding Financial LLC bought a new position in Electronic Arts in the 1st quarter valued at about $39,000. Costello Asset Management INC bought a new stake in shares of Electronic Arts during the 1st quarter worth about $40,000. Finally, ORG Partners LLC boosted its holdings in shares of Electronic Arts by 47.6% in the second quarter. ORG Partners LLC now owns 251 shares of the game software company’s stock valued at $40,000 after acquiring an additional 81 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Baird R W lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. TD Cowen cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Bank of America raised their target price on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electronic Arts in a report on Wednesday, October 8th. Finally, UBS Group set a $210.00 price objective on Electronic Arts and gave the company a “neutral” rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Electronic Arts presently has a consensus rating of “Hold” and a consensus target price of $177.00.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $200.29 on Tuesday. The company’s fifty day moving average is $177.96 and its two-hundred day moving average is $159.09. The company has a market cap of $50.11 billion, a P/E ratio of 50.20, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts’s payout ratio is currently 19.05%.

Insiders Place Their Bets

In other news, CFO Stuart Canfield sold 6,500 shares of Electronic Arts stock in a transaction dated Monday, September 29th. The stock was 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 in the company, valued at $1,045,476. The trade was a 55.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jacob J. Schatz sold 1,200 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $174.65, for a total value of $209,580.00. Following the completion of the transaction, the executive vice president owned 27,248 shares in the company, valued at $4,758,863.20. This represents a 4.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,500 shares of company stock valued at $7,025,155 in the last three months. Company insiders own 0.24% of the company’s stock.

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.