Arkadios Wealth Advisors Acquires New Position in Electronic Arts Inc. (NASDAQ:EA)

Arkadios Wealth Advisors purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,511 shares of the game software company's stock, valued at approximately $504,000.

Other institutional investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. increased its stake in Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company's stock valued at $394,000 after purchasing an additional 79 shares in the last quarter. Grove Bank & Trust increased its position in shares of Electronic Arts by 23.5% during the second quarter. Grove Bank & Trust now owns 494 shares of the game software company's stock worth $69,000 after acquiring an additional 94 shares in the last quarter. CWM LLC raised its holdings in shares of Electronic Arts by 1.5% in the 3rd quarter. CWM LLC now owns 6,302 shares of the game software company's stock worth $904,000 after acquiring an additional 95 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Electronic Arts by 4.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company's stock valued at $291,000 after acquiring an additional 97 shares in the last quarter. Finally, Claro Advisors LLC boosted its stake in Electronic Arts by 5.6% during the 1st quarter. Claro Advisors LLC now owns 1,881 shares of the game software company's stock valued at $250,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of analyst reports. Morgan Stanley reiterated an "equal weight" rating and set a $150.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Benchmark reiterated a "buy" rating and set a $163.00 price target on shares of Electronic Arts in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $160.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Stifel Nicolaus lifted their price target on Electronic Arts from $165.00 to $167.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird lifted their price target on Electronic Arts from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Wednesday. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $163.65.

Electronic Arts Stock Performance

Shares of NASDAQ:EA traded up $3.21 during midday trading on Wednesday, reaching $148.83. 2,186,398 shares of the company traded hands, compared to its average volume of 2,050,396. The firm's fifty day moving average price is $144.83 and its two-hundred day moving average price is $139.88. The firm has a market capitalization of $39.55 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $121.63 and a 12 month high of $153.51.

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

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $145.87, for a total value of $364,675.00. Following the sale, the chief executive officer now owns 51,747 shares in the company, valued at approximately $7,548,334.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the transaction, the insider now owns 31,190 shares of the company's stock, valued at $4,675,692.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the firm's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $145.87, for a total transaction of $364,675.00. Following the sale, the chief executive officer now owns 51,747 shares in the company, valued at approximately $7,548,334.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,770 shares of company stock valued at $3,652,410. Company insiders own 0.22% of the company's stock.

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.