Salomon & Ludwin LLC Has $26,000 Holdings in Electronic Arts Inc. $EA

Salomon & Ludwin LLC raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 70.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 165 shares of the game software company’s stock after acquiring an additional 68 shares during the quarter. Salomon & Ludwin LLC’s holdings in Electronic Arts were worth $26,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new position in Electronic Arts in the second quarter valued at approximately $214,000. Focus Partners Advisor Solutions LLC bought a new stake in Electronic Arts in the 1st quarter valued at about $319,000. Vanguard Personalized Indexing Management LLC increased its position in Electronic Arts by 34.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock valued at $6,467,000 after buying an additional 10,453 shares in the last quarter. Vest Financial LLC increased its position in Electronic Arts by 5.7% in the 2nd quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock valued at $44,408,000 after buying an additional 15,032 shares in the last quarter. Finally, CCM Investment Group LLC bought a new stake in Electronic Arts in the 1st quarter valued at about $1,625,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Jacob J. Schatz sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $200.80, for a total value of $240,960.00. Following the transaction, the executive vice president owned 24,880 shares in the company, valued at $4,995,904. The trade was a 4.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $201.79, for a total value of $504,475.00. Following the completion of the transaction, the insider owned 53,092 shares in the company, valued at $10,713,434.68. The trade was a 4.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 36,900 shares of company stock worth $6,745,437. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

EA has been the subject of a number of research analyst reports. Bank of America boosted their target price on Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. BMO Capital Markets boosted their target price on Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a research report on Tuesday, September 30th. UBS Group set a $210.00 target price on Electronic Arts and gave the company a “neutral” rating in a research report on Tuesday, September 30th. Hsbc Global Res lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Electronic Arts in a research report on Friday, September 26th. One equities 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 given a Sell rating to the company. According to data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Hold” and a consensus target price of $177.00.

Electronic Arts Stock Performance

Shares of EA opened at $200.30 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50 day moving average price of $180.90 and a two-hundred day moving average price of $160.64. The firm has a market capitalization of $50.12 billion, a P/E ratio of 50.20, a P/E/G ratio of 3.04 and a beta of 0.77. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $203.75.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th were issued a dividend of $0.19 per share. 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 payout ratio is currently 19.05%.

Electronic Arts 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.