Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 84.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,805 shares of the game software company's stock after purchasing an additional 2,661 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Electronic Arts were worth $849,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts during the third quarter valued at $25,000. Pinnacle Bancorp Inc. increased its holdings in shares of Electronic Arts by 141.0% in the fourth 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 period. Reston Wealth Management LLC purchased a new position in shares of Electronic Arts in the third quarter worth about $36,000. Larson Financial Group LLC lifted its holdings 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 worth $42,000 after purchasing an additional 70 shares during the period. Finally, SJS Investment Consulting Inc. boosted its position in Electronic Arts by 1,458.3% in the fourth quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company's stock valued at $55,000 after buying an additional 350 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

Shares of NASDAQ EA traded down $0.42 during midday trading on Monday, hitting $129.40. The stock had a trading volume of 2,319,025 shares, compared to its average volume of 4,962,315. The company has a quick ratio of 1.43, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a 50 day simple moving average of $139.70 and a 200-day simple moving average of $146.72. The company has a market capitalization of $33.72 billion, a PE ratio of 32.93, a P/E/G ratio of 2.74 and a beta of 0.79. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (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%. On average, sell-side analysts expect that Electronic Arts Inc. will post 4.99 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 issued a $0.19 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. Electronic Arts's dividend payout ratio is presently 19.34%.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the sale, the insider now owns 30,216 shares of the company's stock, valued at $4,969,021.20. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the sale, the chief executive officer now owns 52,615 shares in the company, valued at $8,758,819.05. This represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,500 shares of company stock worth $3,644,635. 0.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Oppenheimer decreased their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a research note on Tuesday, January 21st. BMO Capital Markets decreased their target price on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. StockNews.com downgraded Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Argus boosted their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, Wedbush reaffirmed an "outperform" rating and set a $173.00 target price on shares of Electronic Arts in a report on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Electronic Arts presently has a consensus rating of "Hold" and an average price target of $155.24.

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.