Stratos Wealth Partners LTD. Invests $626,000 in Electronic Arts Inc. $EA

Stratos Wealth Partners LTD. purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,918 shares of the game software company’s stock, valued at approximately $626,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its stake in shares of Electronic Arts by 197.5% in the 1st quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company’s stock valued at $421,524,000 after purchasing an additional 1,936,313 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in Electronic Arts in the 1st quarter valued at $225,102,000. Nuveen LLC purchased a new stake in shares of Electronic Arts in the first quarter valued at about $203,537,000. Goldman Sachs Group Inc. boosted its holdings in shares of Electronic Arts by 62.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock valued at $470,197,000 after acquiring an additional 1,254,194 shares in the last quarter. Finally, ING Groep NV increased its position in Electronic Arts by 3,477.8% during the 1st quarter. ING Groep NV now owns 1,163,747 shares of the game software company’s stock worth $168,185,000 after purchasing an additional 1,131,220 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Up 0.1%

EA stock opened at $200.75 on Thursday. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $203.75. The stock has a market capitalization of $50.23 billion, a P/E ratio of 50.31, a PEG ratio of 3.04 and a beta of 0.77. The company has a 50 day moving average price of $182.29 and a two-hundred day moving average price of $161.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84.

Electronic Arts Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EA shares. Jefferies Financial Group downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and increased their price target for the company from $200.00 to $210.00 in a report on Tuesday, September 30th. DZ Bank cut shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Citigroup reissued a “neutral” rating on shares of Electronic Arts in a research note on Friday, September 26th. Hsbc Global Res downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, DA Davidson boosted their target price on Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and a consensus price target of $179.38.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $200.31, for a total transaction of $240,372.00. Following the completion of the transaction, the insider owned 32,331 shares of the company’s stock, valued at $6,476,222.61. This represents a 3.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stuart Canfield sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the completion of the sale, the chief financial officer directly owned 5,140 shares in the company, valued at $1,045,476. This represents a 55.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,900 shares of company stock worth $7,748,187 over the last ninety days. Insiders own 0.24% of the company’s stock.

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.