Aurora Investment Counsel Boosts Holdings in Electronic Arts Inc. (NASDAQ:EA)

Aurora Investment Counsel increased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 1.4% during the third quarter, Holdings Channel reports. The firm owned 9,211 shares of the game software company’s stock after acquiring an additional 128 shares during the quarter. Aurora Investment Counsel’s holdings in Electronic Arts were worth $1,321,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in EA. Prime Capital Investment Advisors LLC boosted its position in shares of Electronic Arts by 5.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after acquiring an additional 76 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock valued at $394,000 after acquiring an additional 79 shares during the last quarter. Shepherd Financial Partners LLC boosted its position in shares of Electronic Arts by 1.6% during the 3rd quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock valued at $816,000 after acquiring an additional 88 shares during the last quarter. Grove Bank & Trust boosted its position in shares of Electronic Arts by 23.5% during the 2nd quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock valued at $69,000 after acquiring an additional 94 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Electronic Arts by 1.5% during the 3rd quarter. CWM LLC now owns 6,302 shares of the game software company’s stock valued at $904,000 after acquiring an additional 95 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $166.71 on Thursday. The firm has a market cap of $43.72 billion, a P/E ratio of 42.86, a P/E/G ratio of 2.17 and a beta of 0.78. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $167.51. The stock’s fifty day moving average price is $148.47 and its 200-day moving average price is $143.32.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.46%. Electronic Arts’s dividend payout ratio is currently 19.54%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EA. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and increased their target price for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. The Goldman Sachs Group increased their target price on Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Roth Mkm raised their price target on Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. TD Cowen raised their price target on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Raymond James raised their price target on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the transaction, the insider now owns 31,190 shares in the company, valued at $4,675,692.90. The trade was a 19.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $148.88, for a total value of $372,200.00. Following the completion of the sale, the chief executive officer now directly owns 56,747 shares of the company’s stock, valued at approximately $8,448,493.36. This represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,384 shares of company stock worth $3,944,285. Company insiders own 0.22% of the company’s stock.

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.