JGP Wealth Management LLC Grows Stake in Electronic Arts Inc. (NASDAQ:EA)

JGP Wealth Management LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,197 shares of the game software company’s stock after acquiring an additional 167 shares during the quarter. JGP Wealth Management LLC’s holdings in Electronic Arts were worth $907,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EA. Ashton Thomas Securities LLC bought a new stake in shares of Electronic Arts in the 3rd quarter worth about $25,000. Pinnacle Bancorp Inc. grew its holdings in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in Electronic Arts in the 3rd quarter worth about $36,000. Bruce G. Allen Investments LLC lifted its stake in 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 purchasing an additional 166 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total transaction of $395,075.00. Following the transaction, the insider now directly owns 50,433 shares in the company, valued at $7,969,926.99. The trade was a 4.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the transaction, the insider now directly owns 28,190 shares in the company, valued at $4,251,897.70. This represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock valued at $3,637,660 over the last quarter. 0.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EA. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Benchmark reiterated a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lowered their target price on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Robert W. Baird upped their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Electronic Arts Stock Down 0.5 %

Electronic Arts stock opened at $141.40 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market cap of $37.08 billion, a P/E ratio of 36.35, a P/E/G ratio of 1.84 and a beta of 0.80. The business has a fifty day moving average of $156.07 and a two-hundred day moving average of $149.07. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $168.50.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s payout ratio is currently 19.54%.

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.