Signature Estate & Investment Advisors LLC Takes Position in Electronic Arts Inc. $EA

Signature Estate & Investment Advisors LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,302 shares of the game software company’s stock, valued at approximately $208,000.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Electronic Arts by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock valued at $4,198,607,000 after buying an additional 150,438 shares during the period. Ninety One UK Ltd raised its holdings in Electronic Arts by 4.6% during the second quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock worth $695,645,000 after purchasing an additional 193,442 shares during the last quarter. Independent Franchise Partners LLP raised its holdings in Electronic Arts by 2.3% during the first quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company’s stock worth $570,233,000 after purchasing an additional 88,767 shares during the last quarter. Invesco Ltd. raised its holdings in Electronic Arts by 15.6% during the first quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company’s stock worth $539,563,000 after purchasing an additional 504,760 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Electronic Arts by 62.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock worth $470,197,000 after purchasing an additional 1,254,194 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

Electronic Arts stock opened at $200.55 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a fifty day moving average of $181.84 and a two-hundred day moving average of $161.37. The company has a market capitalization of $50.18 billion, a price-to-earnings ratio of 50.26, a PEG ratio of 3.04 and a beta of 0.77. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $203.75.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.05%.

Analysts Set New Price Targets

Several brokerages recently issued reports on EA. Hsbc Global Res cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Wall Street Zen cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Morgan Stanley lifted their price objective on Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday. Roth Capital cut Electronic Arts from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $185.00 to $210.00 in a report on Thursday, October 2nd. Finally, DZ Bank cut Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Hold” and an average target price of $179.38.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the completion of the transaction, the chief executive officer owned 52,393 shares of the company’s stock, valued at approximately $8,961,822.65. This trade represents a 8.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $155.49, for a total value of $388,725.00. Following the transaction, the insider directly owned 58,092 shares of the company’s stock, valued at $9,032,725.08. The trade was a 4.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,900 shares of company stock valued at $7,748,187 in the last ninety days. 0.24% of the stock is owned by insiders.

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.