KRS Capital Management LLC Purchases 275 Shares of Electronic Arts Inc. (NASDAQ:EA)

KRS Capital Management LLC lifted its position in Electronic Arts Inc. (NASDAQ:EA) by 17.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,880 shares of the game software company’s stock after acquiring an additional 275 shares during the quarter. KRS Capital Management LLC’s holdings in Electronic Arts were worth $249,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EA. Cape Investment Advisory Inc. grew its stake in shares of Electronic Arts by 102.0% in the 4th 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. Leith Wheeler Investment Counsel Ltd. boosted its holdings in shares of Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock worth $29,000 after buying an additional 154,989 shares during the last quarter. Larson Financial Group LLC purchased a new position in shares of Electronic Arts in the 4th quarter worth about $30,000. Venturi Wealth Management LLC boosted its holdings in shares of Electronic Arts by 81.0% in the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after buying an additional 102 shares during the last quarter. Finally, Private Wealth Management Group LLC purchased a new position in shares of Electronic Arts in the 4th quarter worth about $31,000. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $132.82, for a total value of $106,256.00. Following the transaction, the insider now directly owns 27,083 shares in the company, valued at $3,597,164.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.21, for a total transaction of $128,210.00. Following the transaction, the insider now directly owns 18,426 shares in the company, valued at $2,362,397.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $132.82, for a total transaction of $106,256.00. Following the transaction, the insider now owns 27,083 shares in the company, valued at $3,597,164.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,039 shares of company stock worth $3,325,484. Insiders own 0.22% of the company’s stock.

Electronic Arts Price Performance

Shares of Electronic Arts stock traded down $0.19 on Friday, reaching $139.33. The stock had a trading volume of 2,423,533 shares, compared to its average volume of 2,098,404. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $132.71 and its two-hundred day moving average is $134.94. The company has a market cap of $37.02 billion, a P/E ratio of 29.77, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 earnings per share 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 the consensus estimate of $1.78 billion. Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. As a group, research analysts anticipate that Electronic Arts Inc. will post 5.72 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Wednesday, May 29th. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EA shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. BMO Capital Markets dropped their price objective on shares of Electronic Arts from $160.00 to $154.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. Benchmark reaffirmed a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a report on Thursday, April 18th. Robert W. Baird dropped their price objective on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a report on Friday, June 21st. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.50.

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.