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

Modera Wealth Management LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 146,739 shares of the game software company's stock after purchasing an additional 2,763 shares during the period. Modera Wealth Management LLC owned approximately 0.06% of Electronic Arts worth $21,468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB grew its holdings in Electronic Arts by 6.3% in 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. purchased a new stake in Electronic Arts in the 4th quarter worth $217,000. Huntington National Bank raised its position in Electronic Arts by 983.4% during 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. Fisher Funds Management LTD purchased a new position in Electronic Arts during the fourth quarter valued at $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of Electronic Arts in the fourth quarter valued at about $13,845,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Analysts Set New Price Targets

EA has been the topic of a number of research analyst reports. Benchmark reduced their target price on Electronic Arts from $163.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Argus lifted their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, November 7th. BNP Paribas cut Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price objective for the company. in a research report on Monday, January 27th. Ascendiant Capital Markets increased their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a report on Monday. Finally, BMO Capital Markets cut 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. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Electronic Arts has an average rating of "Hold" and a consensus price target of $154.78.

Electronic Arts Trading Up 0.3 %

EA stock traded up $0.42 during midday trading on Monday, reaching $129.54. 1,425,787 shares of the company's stock traded hands, compared to its average volume of 4,324,040. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The business has a 50-day moving average price of $135.08 and a two-hundred day moving average price of $145.72. The company has a market capitalization of $33.76 billion, a P/E ratio of 32.97, a PEG ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced 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%. Equities research analysts forecast that Electronic Arts Inc. will post 4.71 EPS 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 given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.

Insiders Place Their Bets

In other news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the completion of the transaction, the insider now directly owns 47,514 shares in the company, valued at approximately $6,216,256.62. This represents a 5.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the completion of the sale, the chief financial officer now owns 9,516 shares of the company's stock, valued at approximately $1,238,126.76. This trade represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,500 shares of company stock worth $3,428,645 in the last 90 days. 0.22% of the stock is owned by company insiders.

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.