256 Shares in Electronic Arts Inc. (NASDAQ:EA) Bought by Millstone Evans Group LLC

Millstone Evans Group LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 256 shares of the game software company’s stock, valued at approximately $37,000.

Other hedge funds also recently bought and sold shares of the company. Pinnacle Bancorp Inc. lifted its position in shares of Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Electronic Arts in the fourth quarter valued at $32,000. SBI Securities Co. Ltd. purchased a new stake in Electronic Arts during the 4th quarter worth about $41,000. Larson Financial Group LLC boosted its position 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 acquiring an additional 70 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Electronic Arts in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EA shares. DA Davidson started coverage on Electronic Arts in a report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price target for the company. Citigroup dropped their target price on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Ascendiant Capital Markets boosted their price target on shares of Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Roth Mkm dropped their price objective on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Finally, Robert W. Baird cut their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $155.65.

Insider Activity

In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $148.18, for a total transaction of $148,180.00. Following the sale, the chief financial officer now directly owns 8,750 shares in the company, valued at approximately $1,296,575. The trade was a 10.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the transaction, the insider now owns 47,514 shares of the company’s stock, valued at approximately $6,216,256.62. This represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock worth $3,166,740 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Trading Up 0.2 %

NASDAQ EA opened at $144.55 on Tuesday. 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 stock has a market capitalization of $37.67 billion, a P/E ratio of 36.78, a P/E/G ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The firm has a 50-day moving average price of $132.81 and a 200 day moving average price of $144.61.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Equities research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

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.