1,439 Shares in Electronic Arts Inc. (NASDAQ:EA) Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,439 shares of the game software company’s stock, valued at approximately $201,000.

Other institutional investors have also recently bought and sold shares of the company. North Star Investment Management Corp. increased its position in shares of Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after buying an additional 150 shares in the last quarter. Cape Investment Advisory Inc. increased its holdings in shares of Electronic Arts by 102.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after acquiring an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of Electronic Arts during the first quarter worth about $27,000. Larson Financial Group LLC bought a new position in shares of Electronic Arts during the 4th quarter valued at about $30,000. Finally, YHB Investment Advisors Inc. bought a new position in shares of Electronic Arts during the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $132.88, for a total transaction of $106,304.00. Following the transaction, the insider now owns 39,374 shares in the company, valued at approximately $5,232,017.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $132.88, for a total transaction of $106,304.00. Following the transaction, the insider now owns 39,374 shares in the company, valued at approximately $5,232,017.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total value of $211,515.00. Following the completion of the sale, the chief financial officer now owns 10,553 shares of the company’s stock, valued at $1,488,078.53. The disclosure for this sale can be found here. Insiders sold a total of 23,239 shares of company stock worth $3,197,469 over the last quarter. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock traded down $2.58 during trading on Monday, reaching $146.25. 1,063,910 shares of the company’s stock were exchanged, compared to its average volume of 2,172,593. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $153.51. The firm’s fifty day moving average price is $140.16 and its 200-day moving average price is $135.97. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $38.86 billion, a PE ratio of 31.47, a PEG ratio of 2.28 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.17). The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.78 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. As a group, sell-side analysts anticipate that Electronic Arts Inc. will post 5.76 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Analysts Set New Price Targets

A number of research analysts have weighed in on EA shares. Jefferies Financial Group initiated coverage on shares of Electronic Arts in a research note on Thursday, July 11th. They issued a “buy” rating and a $165.00 price target on the stock. Robert W. Baird increased their target price on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Morgan Stanley boosted their price target on Electronic Arts from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. TD Cowen lifted their target price on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Benchmark boosted their target price on Electronic Arts from $153.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $160.16.

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.