Gradient Investments LLC Has $37,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Gradient Investments LLC increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 592.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263 shares of the game software company’s stock after purchasing an additional 225 shares during the quarter. Gradient Investments LLC’s holdings in Electronic Arts were worth $37,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EA. Jennison Associates LLC grew its holdings in shares of Electronic Arts by 1.3% during the fourth quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock worth $867,000 after purchasing an additional 84 shares during the last quarter. MCF Advisors LLC grew its holdings in Electronic Arts by 36.9% during the 4th quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock worth $49,000 after acquiring an additional 96 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Electronic Arts by 4.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock worth $291,000 after acquiring an additional 97 shares during the last quarter. Claro Advisors LLC increased its position in Electronic Arts by 5.6% in the 1st quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock valued at $250,000 after acquiring an additional 100 shares during the period. Finally, Cape Investment Advisory Inc. raised its stake in shares of Electronic Arts by 102.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after acquiring an additional 101 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $132.88, for a total value of $106,304.00. Following the transaction, the insider now owns 39,374 shares in the company, valued at $5,232,017.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $132.24, for a total transaction of $330,600.00. Following the completion of the transaction, the chief executive officer now owns 64,247 shares in the company, valued at $8,496,023.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $132.88, for a total transaction of $106,304.00. Following the completion of the transaction, the insider now owns 39,374 shares of the company’s stock, valued at approximately $5,232,017.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,365 shares of company stock valued at $3,382,352. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

EA stock opened at $148.36 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The firm has a market cap of $39.42 billion, a PE ratio of 31.70, a P/E/G ratio of 2.28 and a beta of 0.79. The business has a 50 day moving average of $142.55 and a 200-day moving average of $136.55. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $153.51.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EA. Bank of America raised their price objective on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. StockNews.com upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Raymond James increased their price objective on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group boosted their target price on shares of Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird increased their price target on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.28.

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.