Annis Gardner Whiting Capital Advisors LLC Takes $73,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Electronic Arts Inc. (NASDAQ:EAFree Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 605 shares of the game software company’s stock, valued at approximately $73,000.

A number of other hedge funds also recently bought and sold shares of the business. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Electronic Arts during the 3rd quarter worth approximately $26,000. Bray Capital Advisors increased its holdings in shares of Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after buying an additional 110 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new stake in shares of Electronic Arts during the 4th quarter worth approximately $26,000. Bell Investment Advisors Inc increased its holdings in shares of Electronic Arts by 60.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 228 shares of the game software company’s stock worth $30,000 after buying an additional 86 shares during the last quarter. Finally, Neo Ivy Capital Management increased its holdings in shares of Electronic Arts by 70.1% during the 2nd quarter. Neo Ivy Capital Management now owns 262 shares of the game software company’s stock worth $31,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 90.42% of the company’s stock.

Insider Activity

In other news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $134.45, for a total value of $134,450.00. Following the sale, the insider now owns 20,922 shares of the company’s stock, valued at $2,812,962.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $138.01, for a total transaction of $110,408.00. Following the sale, the insider now owns 30,283 shares of the company’s stock, valued at $4,179,356.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $134.45, for a total transaction of $134,450.00. Following the sale, the insider now directly owns 20,922 shares in the company, valued at approximately $2,812,962.90. The disclosure for this sale can be found here. Insiders have sold a total of 27,031 shares of company stock valued at $3,710,113 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EA shares. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 1st. Roth Mkm increased their price objective on shares of Electronic Arts from $138.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. JPMorgan Chase & Co. increased their price objective on shares of Electronic Arts from $132.00 to $139.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Wells Fargo & Company increased their price objective on shares of Electronic Arts from $145.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Finally, Stifel Nicolaus increased their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.94.

Get Our Latest Stock Report on Electronic Arts

Electronic Arts Trading Up 1.3 %

NASDAQ EA opened at $140.61 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.33. The firm has a market cap of $37.59 billion, a PE ratio of 35.42, a P/E/G ratio of 2.10 and a beta of 0.78. Electronic Arts Inc. has a one year low of $108.53 and a one year high of $143.47. The firm’s fifty day moving average is $137.65 and its two-hundred day moving average is $130.19.

Electronic Arts (NASDAQ:EAGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.29 earnings per share. Analysts expect that Electronic Arts Inc. will post 5.36 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Tuesday, February 27th. Electronic Arts’s payout ratio is 19.14%.

Electronic Arts Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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