RBA Wealth Management LLC Raises Position in Electronic Arts Inc. (NASDAQ:EA)

RBA Wealth Management LLC lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,791 shares of the game software company’s stock after buying an additional 408 shares during the period. RBA Wealth Management LLC’s holdings in Electronic Arts were worth $3,843,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of EA. North Star Investment Management Corp. boosted its position in shares of Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after buying an additional 150 shares during the period. Redmont Wealth Advisors LLC purchased a new stake in shares of Electronic Arts in the first quarter worth about $27,000. Opal Wealth Advisors LLC purchased a new stake in shares of Electronic Arts in the second quarter worth about $28,000. Family Firm Inc. purchased a new stake in shares of Electronic Arts in the second quarter worth about $33,000. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of Electronic Arts in the first quarter worth about $35,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $142.42, for a total value of $356,050.00. Following the sale, the chief executive officer now directly owns 59,247 shares in the company, valued at $8,437,957.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $142.42, for a total value of $356,050.00. Following the sale, the chief executive officer now directly owns 59,247 shares in the company, valued at $8,437,957.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the sale, the insider now owns 31,190 shares in the company, valued at approximately $4,675,692.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,770 shares of company stock worth $3,643,785. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Jefferies Financial Group assumed coverage on Electronic Arts in a report on Thursday, July 11th. They issued a “buy” rating and a $165.00 price target for the company. Robert W. Baird reissued an “outperform” rating and issued a $170.00 price target on shares of Electronic Arts in a report on Thursday, September 19th. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Finally, Oppenheimer increased their price target on Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.94.

Electronic Arts Stock Performance

Shares of Electronic Arts stock traded up $0.27 on Tuesday, reaching $145.98. 809,777 shares of the company were exchanged, compared to its average volume of 2,052,021. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. The company’s 50-day moving average is $145.16 and its two-hundred day moving average is $139.23. The firm has a market cap of $38.79 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 1.95 and a beta of 0.79. Electronic Arts Inc. has a 1-year low of $119.92 and a 1-year high of $153.51.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. As a group, research analysts expect that Electronic Arts Inc. will post 5.93 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s payout ratio is 16.24%.

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.