Callan Family Office LLC Invests $468,000 in Electronic Arts Inc. (NASDAQ:EA)

Callan Family Office LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, Holdings Channel reports. The firm purchased 3,201 shares of the game software company’s stock, valued at approximately $468,000.

Several other institutional investors also recently modified their holdings of EA. Ashton Thomas Securities LLC bought a new position in shares of Electronic Arts during the third quarter valued at $25,000. Pinnacle Bancorp Inc. boosted its stake in shares of Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Electronic Arts during the fourth quarter worth $32,000. SBI Securities Co. Ltd. bought a new position in Electronic Arts during the fourth quarter worth $41,000. Finally, Larson Financial Group LLC boosted its position in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several 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 for the company in a research note on Tuesday, February 4th. Stifel Nicolaus decreased their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. BMO Capital Markets decreased their target price 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. Ascendiant Capital Markets raised their target price on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, Bank of America boosted their target price on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Electronic Arts presently has a consensus rating of “Hold” and a consensus target price of $154.78.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $156.27, for a total value of $234,405.00. Following the transaction, the executive vice president now owns 24,886 shares of the company’s stock, valued at $3,888,935.22. The trade was a 5.68 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,500 shares of company stock valued at $3,428,645. 0.22% of the stock is owned by insiders.

Electronic Arts Stock Up 2.4 %

EA opened at $140.04 on Monday. The company’s 50-day moving average is $133.66 and its 200 day moving average is $145.21. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $36.50 billion, a P/E ratio of 35.63, a PEG ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share 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%. Research analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is currently 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.