Fifth Third Wealth Advisors LLC Increases Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Fifth Third Wealth Advisors LLC raised its position in Electronic Arts Inc. (NASDAQ:EA) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,754 shares of the game software company’s stock after acquiring an additional 180 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Electronic Arts were worth $682,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in shares of Electronic Arts in the 3rd quarter valued at about $25,000. Opal Wealth Advisors LLC acquired a new stake in Electronic Arts in the second quarter valued at approximately $28,000. Family Firm Inc. purchased a new position in Electronic Arts in the second quarter worth approximately $33,000. New Covenant Trust Company N.A. acquired a new position in Electronic Arts during the 1st quarter worth approximately $35,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Electronic Arts in the 3rd quarter valued at approximately $36,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Stock Up 0.3 %

Electronic Arts stock opened at $166.71 on Thursday. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $167.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $43.72 billion, a PE ratio of 42.86, a P/E/G ratio of 2.11 and a beta of 0.78. The firm’s 50 day moving average price is $148.47 and its two-hundred day moving average price is $143.32.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.46%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Robert W. Baird boosted their target price on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. UBS Group increased their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Finally, Bank of America increased their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Insider Activity

In related news, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares of the company’s stock, valued at $4,675,692.90. This trade represents a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.32, for a total transaction of $223,980.00. Following the transaction, the executive vice president now directly owns 27,860 shares of the company’s stock, valued at $4,160,055.20. The trade was a 5.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,384 shares of company stock valued at $3,944,285. 0.22% of the stock is owned by company insiders.

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.