SOA Wealth Advisors LLC. Has $44,000 Stake in Electronic Arts Inc. (NASDAQ:EA)

SOA Wealth Advisors LLC. cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 22.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 316 shares of the game software company’s stock after selling 89 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Electronic Arts were worth $44,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC raised its holdings in Electronic Arts by 1.3% during the fourth quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock worth $867,000 after buying an additional 84 shares during the last quarter. MCF Advisors LLC boosted its stake in Electronic Arts by 36.9% during the 4th quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock valued at $49,000 after purchasing an additional 96 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Electronic Arts by 4.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock worth $291,000 after purchasing an additional 97 shares in the last quarter. Claro Advisors LLC raised its stake in shares of Electronic Arts by 5.6% in the first quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock worth $250,000 after purchasing an additional 100 shares during the last quarter. Finally, Cape Investment Advisory Inc. lifted its holdings in shares of Electronic Arts by 102.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after purchasing an additional 101 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Up 1.1 %

EA stock traded up $1.64 on Friday, reaching $148.68. 872,381 shares of the company traded hands, compared to its average volume of 2,147,459. The firm has a fifty day simple moving average of $142.32 and a 200-day simple moving average of $136.49. The company has a market cap of $39.51 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $153.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.37.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. Electronic Arts’s payout ratio is currently 16.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EA shares. BMO Capital Markets reiterated an “outperform” rating and set a $154.00 target price on shares of Electronic Arts in a research note on Tuesday, July 30th. Jefferies Financial Group began coverage on shares of Electronic Arts in a report on Thursday, July 11th. They set a “buy” rating and a $165.00 price objective on the stock. Robert W. Baird upped their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group upped their target price on Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Benchmark raised their target price on shares of Electronic Arts from $153.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $160.16.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $132.88, for a total value of $106,304.00. Following the completion of the sale, the insider now directly owns 39,374 shares in the company, valued at approximately $5,232,017.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Eric Charles Kelly sold 3,000 shares of Electronic Arts stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $133.75, for a total value of $401,250.00. Following the completion of the sale, the chief accounting officer now owns 7,458 shares of the company’s stock, valued at $997,507.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $132.88, for a total value of $106,304.00. Following the completion of the transaction, the insider now directly owns 39,374 shares in the company, valued at approximately $5,232,017.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,365 shares of company stock valued at $3,382,352. 0.22% of the stock is owned by corporate insiders.

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.