Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Claro Advisors LLC

Claro Advisors LLC raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1,865.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 43,394 shares of the game software company’s stock after buying an additional 41,186 shares during the period. Claro Advisors LLC’s holdings in Electronic Arts were worth $6,224,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. North Star Investment Management Corp. grew its holdings in Electronic Arts by 333.3% during the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after buying an additional 150 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Electronic Arts during the 1st quarter valued at $27,000. Opal Wealth Advisors LLC acquired a new stake in shares of Electronic Arts during the second quarter worth $28,000. Family Firm Inc. acquired a new stake in shares of Electronic Arts during the second quarter worth $33,000. Finally, New Covenant Trust Company N.A. acquired a new stake in shares of Electronic Arts during the first quarter worth $35,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Down 0.5 %

Shares of EA traded down $0.71 during midday trading on Friday, reaching $143.49. 185,023 shares of the company were exchanged, compared to its average volume of 2,055,156. The stock has a 50-day moving average price of $145.21 and a 200-day moving average price of $138.94. The company has a market cap of $38.13 billion, a price-to-earnings ratio of 30.81, 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. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25.

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

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. StockNews.com upgraded Electronic Arts from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. JPMorgan Chase & Co. raised their price objective on Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. UBS Group raised their price objective on Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus lifted their target price on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $161.94.

Insider Buying and Selling

In related news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total value of $217,080.00. Following the transaction, the executive vice president now owns 24,860 shares in the company, valued at approximately $3,597,739.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $142.42, for a total value of $356,050.00. Following the completion of the sale, the chief executive officer now directly owns 59,247 shares of the company’s stock, valued at $8,437,957.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $144.72, for a total value of $217,080.00. Following the completion of the sale, the executive vice president now directly owns 24,860 shares of the company’s stock, valued at approximately $3,597,739.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,770 shares of company stock worth $3,643,785. 0.22% of the stock is currently owned by corporate insiders.

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.