Venturi Wealth Management LLC Purchases 581 Shares of Electronic Arts Inc. (NASDAQ:EA)

Venturi Wealth Management LLC increased its position in Electronic Arts Inc. (NASDAQ:EA) by 269.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 797 shares of the game software company’s stock after acquiring an additional 581 shares during the quarter. Venturi Wealth Management LLC’s holdings in Electronic Arts were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of EA. Swedbank AB grew its holdings in Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after purchasing an additional 95,190 shares during the period. Atomi Financial Group Inc. bought a new position in shares of Electronic Arts in the fourth quarter worth about $217,000. Huntington National Bank boosted its stake in shares of Electronic Arts by 983.4% in the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after acquiring an additional 234,098 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of Electronic Arts in the fourth quarter worth about $13,845,000. Finally, Dai ichi Life Insurance Company Ltd boosted its stake in shares of Electronic Arts by 20.8% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock worth $9,205,000 after acquiring an additional 11,058 shares during the period. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EA. Citigroup decreased their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Roth Mkm decreased their price objective on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a research report on Monday, January 27th. Wedbush reiterated an “outperform” rating and issued a $173.00 price target on shares of Electronic Arts in a report on Thursday, January 23rd. Finally, Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Friday, January 31st. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $154.55.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the transaction, the insider now directly owns 30,216 shares in the company, valued at $4,969,021.20. The trade was a 3.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the transaction, the chief executive officer now owns 47,615 shares in the company, valued at approximately $7,047,020. This represents a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,500 shares of company stock worth $3,593,095. Insiders own 0.22% of the company’s stock.

Electronic Arts Price Performance

NASDAQ:EA opened at $130.93 on Friday. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $34.12 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The stock’s 50-day moving average price is $137.09 and its 200-day moving average price is $146.24.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, equities analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

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.