Concurrent Investment Advisors LLC Purchases 90 Shares of Electronic Arts Inc. (NASDAQ:EA)

Concurrent Investment Advisors LLC grew its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,701 shares of the game software company’s stock after acquiring an additional 90 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Electronic Arts were worth $249,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in Electronic Arts during the third quarter worth about $25,000. Pinnacle Bancorp Inc. grew its stake in 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 in the last quarter. Reston Wealth Management LLC acquired a new position in shares of Electronic Arts during the 3rd quarter worth approximately $36,000. Larson Financial Group LLC raised its stake in shares of Electronic Arts by 31.8% during the 3rd 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 in the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of Electronic Arts by 1,458.3% in the 4th 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 owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on EA. StockNews.com cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Benchmark cut their target price on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Robert W. Baird reduced their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. DA Davidson assumed coverage on Electronic Arts in a research note on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price objective on the stock. Finally, Roth Mkm reduced their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $154.55.

Insiders Place Their Bets

In other news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $156.27, for a total value of $234,405.00. Following the completion of the sale, the executive vice president now directly owns 24,886 shares of the company’s stock, valued at $3,888,935.22. This represents a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the sale, the insider now directly owns 28,216 shares in the company, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,500 shares of company stock valued at $3,593,095. Insiders own 0.22% of the company’s stock.

Electronic Arts Stock Down 1.7 %

Shares of NASDAQ EA opened at $131.73 on Wednesday. The firm’s fifty day moving average is $136.18 and its 200 day moving average is $146.06. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a market cap of $34.33 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 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, equities research analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. Electronic Arts’s dividend payout ratio is currently 19.34%.

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.