Executive Wealth Management LLC Buys New Position in Electronic Arts Inc. (NASDAQ:EA)

Executive Wealth Management LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 18,235 shares of the game software company's stock, valued at approximately $2,616,000.

A number of other hedge funds also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC boosted its position in Electronic Arts by 6.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,984 shares of the game software company's stock worth $834,000 after buying an additional 345 shares during the period. Wedmont Private Capital boosted its position in Electronic Arts by 17.2% during the 2nd quarter. Wedmont Private Capital now owns 2,198 shares of the game software company's stock worth $320,000 after buying an additional 322 shares during the period. Diversified Trust Co boosted its position in Electronic Arts by 53.9% during the 2nd quarter. Diversified Trust Co now owns 23,323 shares of the game software company's stock worth $3,250,000 after buying an additional 8,173 shares during the period. NorthCrest Asset Manangement LLC boosted its position in Electronic Arts by 5.0% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 32,967 shares of the game software company's stock worth $4,593,000 after buying an additional 1,579 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Electronic Arts by 18.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,419 shares of the game software company's stock worth $1,173,000 after buying an additional 1,294 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EA has been the subject of several analyst reports. Roth Mkm raised their price target on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Morgan Stanley restated an "equal weight" rating and set a $150.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $160.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. StockNews.com upgraded shares of Electronic Arts from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 31st. Finally, UBS Group lifted their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.37.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now owns 29,190 shares of the company's stock, valued at $4,181,175.60. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $146.58, for a total value of $219,870.00. Following the completion of the sale, the executive vice president now directly owns 26,360 shares of the company's stock, valued at approximately $3,863,848.80. This represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,000 shares of company stock worth $3,086,270. Insiders own 0.22% of the company's stock.

Electronic Arts Price Performance

Shares of EA traded down $0.31 during midday trading on Tuesday, hitting $165.30. 1,699,315 shares of the company traded hands, compared to its average volume of 2,035,113. The stock has a 50-day moving average of $154.87 and a 200-day moving average of $147.00. Electronic Arts Inc. has a one year low of $124.92 and a one year high of $168.50. The firm has a market cap of $43.35 billion, a P/E ratio of 42.49, a PEG ratio of 2.18 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Wednesday, November 27th. Electronic Arts's dividend payout ratio (DPR) is 19.54%.

About Electronic Arts

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.