PDS Planning Inc Takes Position in Electronic Arts Inc. $EA

PDS Planning Inc bought a new stake in Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,526 shares of the game software company’s stock, valued at approximately $244,000.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after purchasing an additional 294 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Electronic Arts by 45.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,397 shares of the game software company’s stock worth $2,370,000 after buying an additional 5,130 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in Electronic Arts during the first quarter worth $28,000. Mission Wealth Management LP lifted its stake in Electronic Arts by 11.5% in the first quarter. Mission Wealth Management LP now owns 4,474 shares of the game software company’s stock valued at $647,000 after acquiring an additional 461 shares during the last quarter. Finally, Montecito Bank & Trust lifted its stake in Electronic Arts by 14.8% in the first quarter. Montecito Bank & Trust now owns 4,608 shares of the game software company’s stock valued at $666,000 after acquiring an additional 594 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $200.01 on Monday. The firm has a market cap of $50.05 billion, a P/E ratio of 50.13, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. The business’s 50 day moving average is $177.15 and its 200-day moving average is $158.70. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $203.75.

Electronic Arts Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EA. UBS Group set a $210.00 price objective on shares of Electronic Arts and gave the stock a “neutral” rating in a research note on Tuesday, September 30th. Roth Capital downgraded Electronic Arts from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $185.00 to $210.00 in a research report on Thursday, October 2nd. Argus raised their price objective on Electronic Arts from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Jefferies Financial Group downgraded Electronic Arts from a “buy” rating to a “hold” rating and lifted their target price for the stock from $200.00 to $210.00 in a research note on Tuesday, September 30th. Finally, Baird R W cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of “Hold” and a consensus price target of $177.00.

Insider Buying and Selling

In related news, CFO Stuart Canfield sold 6,500 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $203.40, for a total value of $1,322,100.00. Following the transaction, the chief financial officer directly owned 5,140 shares in the company, valued at approximately $1,045,476. This represents a 55.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $201.79, for a total transaction of $504,475.00. Following the completion of the sale, the insider owned 53,092 shares of the company’s stock, valued at $10,713,434.68. This trade represents a 4.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,000 shares of company stock valued at $7,247,635 in the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

About Electronic Arts

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.