Maridea Wealth Management LLC Purchases Shares of 1,617 Electronic Arts Inc. (NASDAQ:EA)

Maridea Wealth Management LLC bought a new position in Electronic Arts Inc. (NASDAQ:EA) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,617 shares of the game software company’s stock, valued at approximately $237,000.

Several other hedge funds have also added to or reduced their stakes in EA. Larson Financial Group LLC boosted its stake in shares of 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 purchasing an additional 70 shares during the period. Claro Advisors LLC boosted its position in Electronic Arts by 3.4% during the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after buying an additional 75 shares during the period. Parkside Financial Bank & Trust grew its holdings in Electronic Arts by 11.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock worth $119,000 after acquiring an additional 81 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after acquiring an additional 82 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of Electronic Arts by 1.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock valued at $708,000 after acquiring an additional 83 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the completion of the sale, the insider now owns 29,216 shares of the company’s stock, valued at $4,311,405.12. This represents a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total transaction of $215,175.00. Following the completion of the transaction, the executive vice president now directly owns 23,386 shares in the company, valued at approximately $3,354,721.70. The trade was a 6.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,000 shares of company stock worth $3,018,560. 0.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EA shares. Roth Mkm cut their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. BMO Capital Markets reduced their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. 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 report on Tuesday, February 4th. Benchmark lifted their price target on Electronic Arts from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, March 24th. Finally, Stifel Nicolaus decreased their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and a consensus target price of $155.65.

Electronic Arts Stock Performance

Shares of EA opened at $144.25 on Friday. The company has a market cap of $37.59 billion, a price-to-earnings ratio of 36.70, a P/E/G ratio of 3.58 and a beta of 0.78. The business’s fifty day simple moving average is $133.05 and its two-hundred day simple moving average is $144.63. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. 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 (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 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%. Research analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

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.