JGP Wealth Management LLC Acquires 107 Shares of Electronic Arts Inc. $EA

JGP Wealth Management LLC raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 6,685 shares of the game software company’s stock after buying an additional 107 shares during the period. JGP Wealth Management LLC’s holdings in Electronic Arts were worth $1,068,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts during the 1st quarter worth approximately $28,000. Bank of Jackson Hole Trust grew its stake in shares of 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 valued at $30,000 after buying an additional 75 shares in the last quarter. Frazier Financial Advisors LLC grew its stake in shares of Electronic Arts by 328.9% in the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after buying an additional 148 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of Electronic Arts in the first quarter valued at $39,000. Finally, Costello Asset Management INC bought a new position in shares of Electronic Arts in the first quarter valued at $40,000. 90.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on EA. Bank of America raised their target price on shares of Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. DA Davidson raised their target price on shares of Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, August 11th. HSBC cut shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 target price for the company. in a research note on Monday, September 29th. Cowen cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Finally, Arete raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 target price for the company in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $177.00.

Insider Activity

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total value of $855,250.00. Following the completion of the sale, the chief executive officer owned 52,393 shares of the company’s stock, valued at approximately $8,961,822.65. The trade was a 8.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $244,080.00. Following the completion of the sale, the insider directly owned 33,531 shares of the company’s stock, valued at approximately $6,820,205.40. The trade was a 3.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,500 shares of company stock valued at $7,025,155. 0.24% of the stock is owned by company insiders.

Electronic Arts Trading Down 0.0%

EA stock opened at $200.20 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The company has a fifty day moving average price of $178.74 and a two-hundred day moving average price of $159.37. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $203.75. The stock has a market cap of $50.09 billion, a price-to-earnings ratio of 50.18, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77.

Electronic Arts Announces Dividend

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

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.