Burney Co. Buys 2,198 Shares of Electronic Arts Inc. (NASDAQ:EA)

Burney Co. grew its position in Electronic Arts Inc. (NASDAQ:EA) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,572 shares of the game software company’s stock after purchasing an additional 2,198 shares during the quarter. Burney Co.’s holdings in Electronic Arts were worth $3,156,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EA. Ashton Thomas Securities LLC acquired a new position in shares of Electronic Arts during the 3rd quarter worth about $25,000. Reston Wealth Management LLC bought a new stake in shares of Electronic Arts in the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC grew its stake in shares of Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after acquiring an additional 166 shares during the last quarter. Larson Financial Group LLC increased its position in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after acquiring an additional 70 shares during the period. Finally, Versant Capital Management Inc raised its stake in Electronic Arts by 9,280.0% during the 4th quarter. Versant Capital Management Inc now owns 469 shares of the game software company’s stock valued at $69,000 after purchasing an additional 464 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Trading Up 0.3 %

EA stock opened at $142.13 on Thursday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $168.50. The company has a market cap of $37.28 billion, a P/E ratio of 36.54, a PEG ratio of 2.06 and a beta of 0.80. The business has a fifty day moving average of $156.39 and a 200-day moving average of $149.11.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. Electronic Arts’s payout ratio is presently 19.54%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the sale, the insider now owns 29,216 shares of the company’s stock, valued at approximately $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Friday, October 25th. The stock was sold at an average price of $145.87, for a total transaction of $364,675.00. Following the transaction, the chief executive officer now directly owns 51,747 shares in the company, valued at approximately $7,548,334.89. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,000 shares of company stock valued at $3,422,485. 0.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on EA shares. Benchmark reaffirmed a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a report on Wednesday, October 30th. Morgan Stanley restated an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. Argus boosted their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Wedbush reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Electronic Arts in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $165.37.

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.