Independent Advisor Alliance Purchases 208 Shares of Electronic Arts Inc. (NASDAQ:EA)

Independent Advisor Alliance lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EAGet Rating) by 4.6% during the first quarter, HoldingsChannel reports. The firm owned 4,695 shares of the game software company’s stock after acquiring an additional 208 shares during the quarter. Independent Advisor Alliance’s holdings in Electronic Arts were worth $594,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EA. Industrial Alliance Investment Management Inc. bought a new stake in shares of Electronic Arts during the 4th quarter worth approximately $28,000. Tyler Stone Wealth Management acquired a new position in shares of Electronic Arts during the 4th quarter worth approximately $33,000. North Star Investment Management Corp. increased its holdings in shares of Electronic Arts by 111.1% during the 4th quarter. North Star Investment Management Corp. now owns 285 shares of the game software company’s stock worth $38,000 after acquiring an additional 150 shares during the last quarter. Confluence Wealth Services Inc. acquired a new position in shares of Electronic Arts during the 4th quarter worth approximately $46,000. Finally, Sandy Cove Advisors LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth approximately $47,000. Institutional investors own 89.28% of the company’s stock.

Electronic Arts Stock Performance

EA opened at $132.56 on Friday. The firm has a market cap of $37.06 billion, a P/E ratio of 41.95, a price-to-earnings-growth ratio of 4.11 and a beta of 0.84. Electronic Arts Inc. has a 52-week low of $109.24 and a 52-week high of $147.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.18 and a current ratio of 1.24. The business’s fifty day moving average is $129.68 and its 200-day moving average is $128.33.

Electronic Arts (NASDAQ:EAGet Rating) last released its earnings results on Tuesday, May 10th. The game software company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.22). Electronic Arts had a return on equity of 17.86% and a net margin of 12.43%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. Sell-side analysts expect that Electronic Arts Inc. will post 5.45 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 21st. Investors of record on Wednesday, August 31st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.76 annualized dividend and a dividend yield of 0.57%. Electronic Arts’s dividend payout ratio is currently 24.05%.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of recent analyst reports. StockNews.com raised Electronic Arts from a “hold” rating to a “buy” rating in a report on Wednesday, June 22nd. Wedbush decreased their target price on Electronic Arts from $180.00 to $164.00 in a report on Wednesday, May 11th. Raymond James decreased their target price on Electronic Arts from $158.00 to $150.00 in a report on Wednesday, May 11th. The Goldman Sachs Group boosted their target price on Electronic Arts from $125.00 to $133.00 and gave the stock a “neutral” rating in a report on Thursday, June 9th. Finally, TheStreet raised Electronic Arts from a “c+” rating to a “b” rating in a report on Friday, May 20th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.13.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $131.26, for a total transaction of $105,008.00. Following the completion of the sale, the insider now directly owns 29,314 shares in the company, valued at approximately $3,847,755.64. The sale was disclosed in a filing with the SEC, which is available through this link. In other Electronic Arts news, COO Laura Miele sold 1,500 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $130.77, for a total value of $196,155.00. Following the completion of the transaction, the chief operating officer now directly owns 33,700 shares in the company, valued at $4,406,949. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $131.26, for a total value of $105,008.00. Following the completion of the transaction, the insider now owns 29,314 shares of the company’s stock, valued at $3,847,755.64. The disclosure for this sale can be found here. Insiders sold a total of 58,895 shares of company stock worth $7,692,454 in the last ninety days. 0.37% of the stock is owned by insiders.

About Electronic Arts

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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.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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