Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Modera Wealth Management LLC

Modera Wealth Management LLC boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 1.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 146,739 shares of the game software company’s stock after purchasing an additional 2,763 shares during the quarter. Modera Wealth Management LLC’s holdings in Electronic Arts were worth $21,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EA. Ashton Thomas Securities LLC bought a new stake in Electronic Arts in the third quarter worth about $25,000. Pinnacle Bancorp Inc. raised its holdings in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 117 shares during the period. Whipplewood Advisors LLC acquired a new stake in Electronic Arts during the 4th quarter worth about $32,000. Reston Wealth Management LLC acquired a new position in shares of Electronic Arts in the 3rd quarter valued at about $36,000. Finally, Larson Financial Group LLC increased its holdings in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the transaction, the chief executive officer now owns 37,615 shares in the company, valued at $4,895,216.10. This trade represents a 11.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the transaction, the insider now owns 30,216 shares of the company’s stock, valued at $4,969,021.20. The trade was a 3.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,500 shares of company stock valued at $3,593,095 over the last 90 days. 0.22% of the stock is owned by company insiders.

Electronic Arts Price Performance

Shares of EA opened at $129.12 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The stock has a market cap of $33.65 billion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The stock’s 50-day moving average price is $135.08 and its two-hundred day moving average price is $145.72.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, equities analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

Analyst Upgrades and Downgrades

EA has been the topic of a number of research reports. Bank of America upped their target price on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Friday, January 31st. BMO Capital Markets lowered their price target on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Roth Mkm lowered their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Finally, DA Davidson initiated coverage on Electronic Arts in a research note on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price target for the company. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $154.55.

Electronic Arts 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.