250 Shares in Electronic Arts Inc. (NASDAQ:EA) Bought by Reston Wealth Management LLC

Reston Wealth Management LLC bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 250 shares of the game software company’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds have also made changes to their positions in EA. Opal Wealth Advisors LLC purchased a new position in shares of Electronic Arts during the second quarter valued at $28,000. Family Firm Inc. purchased a new position in shares of Electronic Arts during the second quarter valued at $33,000. New Covenant Trust Company N.A. purchased a new position in Electronic Arts in the first quarter valued at about $35,000. Gradient Investments LLC grew its stake in Electronic Arts by 592.1% in the second quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock valued at $37,000 after purchasing an additional 225 shares during the last quarter. Finally, Bruce G. Allen Investments LLC grew its stake in shares of Electronic Arts by 156.6% during 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. 90.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on EA. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Jefferies Financial Group began coverage on Electronic Arts in a report on Thursday, July 11th. They set a “buy” rating and a $165.00 target price for the company. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Robert W. Baird boosted their price target on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.39.

Electronic Arts Stock Performance

EA opened at $151.26 on Friday. The company has a market capitalization of $39.96 billion, a price-to-earnings ratio of 38.88, a price-to-earnings-growth ratio of 2.04 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.45. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $153.51. The business has a 50 day moving average price of $144.96 and a two-hundred day moving average price of $140.19.

Electronic Arts (NASDAQ:EA) last released its 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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a return on equity of 18.56% and a net margin of 14.12%. Research analysts predict that Electronic Arts Inc. will post 5.93 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total transaction of $151,700.00. Following the completion of the sale, the insider now owns 30,190 shares in the company, valued at approximately $4,579,823. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $145.87, for a total value of $364,675.00. Following the completion of the sale, the chief executive officer now owns 51,747 shares of the company’s stock, valued at $7,548,334.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the sale, the insider now directly owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,644 shares of company stock worth $3,491,207. Insiders own 0.22% of the company’s stock.

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.