1,933 Shares in Electronic Arts Inc. (NASDAQ:EA) Acquired by Northstar Advisory Group LLC

Northstar Advisory Group LLC acquired a new position in Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, Holdings Channel reports. The firm acquired 1,933 shares of the game software company’s stock, valued at approximately $264,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Knights of Columbus Asset Advisors LLC lifted its stake in Electronic Arts by 0.3% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 34,102 shares of the game software company’s stock worth $4,106,000 after purchasing an additional 86 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its stake in Electronic Arts by 0.3% during the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company’s stock worth $3,261,000 after purchasing an additional 87 shares in the last quarter. Beacon Pointe Advisors LLC lifted its stake in Electronic Arts by 5.0% during the second quarter. Beacon Pointe Advisors LLC now owns 1,900 shares of the game software company’s stock worth $246,000 after purchasing an additional 91 shares in the last quarter. Whittier Trust Co. lifted its stake in Electronic Arts by 4.1% during the fourth quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock worth $322,000 after purchasing an additional 93 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in Electronic Arts by 7.5% during the third quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the game software company’s stock worth $164,000 after purchasing an additional 95 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $130.66, for a total value of $326,650.00. Following the completion of the transaction, the chief executive officer now directly owns 25,930 shares in the company, valued at approximately $3,388,013.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $130.66, for a total transaction of $326,650.00. Following the completion of the sale, the chief executive officer now directly owns 25,930 shares in the company, valued at approximately $3,388,013.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $134.45, for a total value of $134,450.00. Following the sale, the insider now owns 19,426 shares of the company’s stock, valued at $2,611,825.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,144 shares of company stock valued at $5,160,804. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on EA. Stifel Nicolaus lifted their target price on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Wolfe Research started coverage on Electronic Arts in a report on Tuesday, December 12th. They set a “peer perform” rating for the company. UBS Group decreased their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a report on Wednesday, January 31st. Finally, BMO Capital Markets assumed coverage on Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $132.10 on Thursday. The business’s 50 day simple moving average is $137.56 and its 200-day simple moving average is $133.29. The firm has a market capitalization of $35.32 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 1.94 and a beta of 0.77. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the company posted $2.29 EPS. Electronic Arts’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts forecast that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Tuesday, February 27th. Electronic Arts’s payout ratio is currently 19.14%.

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.