USA Financial Formulas Makes New $1.35 Million Investment in Electronic Arts Inc. (NASDAQ:EA)

USA Financial Formulas acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,395 shares of the game software company's stock, valued at approximately $1,348,000.

A number of other large investors have also added to or reduced their stakes in the stock. North Star Investment Management Corp. lifted its stake in shares of Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company's stock worth $26,000 after buying an additional 150 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in Electronic Arts in the 1st quarter valued at approximately $27,000. Opal Wealth Advisors LLC purchased a new stake in Electronic Arts during the 2nd quarter valued at $28,000. Family Firm Inc. bought a new stake in shares of Electronic Arts in the 2nd quarter worth $33,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Electronic Arts in the first quarter worth $35,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Wall Street Analysts Forecast Growth

EA has been the subject of several research reports. Oppenheimer boosted their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, July 16th. Jefferies Financial Group assumed coverage on shares of Electronic Arts in a research note on Thursday, July 11th. They set a "buy" rating and a $165.00 target price for the company. TD Cowen raised their price target on Electronic Arts from $163.00 to $183.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $160.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, Benchmark reissued a "buy" rating and issued a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Electronic Arts currently has a consensus rating of "Moderate Buy" and an average price target of $161.94.

Electronic Arts Price Performance

Shares of EA traded down $1.77 during midday trading on Thursday, hitting $141.97. 1,422,631 shares of the company traded hands, compared to its average volume of 2,084,694. The stock has a market cap of $37.73 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 1.91 and a beta of 0.79. The firm has a 50 day moving average of $145.51 and a 200-day moving average of $138.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. Electronic Arts Inc. has a 52 week low of $119.92 and a 52 week high of $153.51.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. On average, analysts forecast that Electronic Arts Inc. will post 5.93 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. Electronic Arts's payout ratio is 16.24%.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 2,500 shares of the company's stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $142.42, for a total value of $356,050.00. Following the transaction, the chief executive officer now directly owns 59,247 shares in the company, valued at approximately $8,437,957.74. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $142.42, for a total value of $356,050.00. Following the completion of the transaction, the chief executive officer now owns 59,247 shares of the company's stock, valued at $8,437,957.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the transaction, the insider now owns 31,190 shares of the company's stock, valued at approximately $4,675,692.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,270 shares of company stock valued at $3,571,565. Insiders own 0.22% of the company's stock.

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.