Sanctuary Advisors LLC Boosts Stake in Electronic Arts Inc. (NASDAQ:EA)

Sanctuary Advisors LLC grew its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 76.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,328 shares of the game software company's stock after acquiring an additional 4,471 shares during the quarter. Sanctuary Advisors LLC's holdings in Electronic Arts were worth $1,481,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EA. Ashton Thomas Securities LLC acquired a new position in Electronic Arts in the 3rd quarter valued at $25,000. Family Firm Inc. acquired a new position in Electronic Arts in the second quarter valued at about $33,000. Reston Wealth Management LLC bought a new stake in Electronic Arts during the third quarter worth about $36,000. Bruce G. Allen Investments LLC lifted its position in Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company's stock worth $39,000 after purchasing an additional 166 shares during the period. Finally, Larson Financial Group LLC grew its stake in 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 buying an additional 70 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Down 0.1 %

NASDAQ:EA traded down $0.09 during mid-day trading on Friday, hitting $147.80. 4,045,669 shares of the company's stock were exchanged, compared to its average volume of 2,071,213. The company has a market cap of $38.76 billion, a PE ratio of 37.99, a P/E/G ratio of 2.14 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 Inc. has a one year low of $124.92 and a one year high of $168.50. The business has a fifty day moving average price of $156.85 and a 200 day moving average price of $148.04.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Wednesday, November 27th. Electronic Arts's payout ratio is 19.54%.

Analyst Ratings Changes

Several equities research analysts have weighed in on EA shares. BMO Capital Markets restated an "outperform" rating and set a $160.00 target price (up from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. Robert W. Baird raised their price objective on Electronic Arts from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $160.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. UBS Group increased 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. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $150.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $165.37.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now directly 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 document filed with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the sale, the chief executive officer now owns 54,247 shares of the company's stock, valued at $7,675,950.50. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,000 shares of company stock valued at $3,840,805. 0.22% of the stock is owned by 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.