Modera Wealth Management LLC Purchases 660 Shares of Electronic Arts Inc. (NASDAQ:EA)

Modera Wealth Management LLC lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,976 shares of the game software company’s stock after buying an additional 660 shares during the period. Modera Wealth Management LLC’s holdings in Electronic Arts were worth $20,652,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. North Star Investment Management Corp. raised its stake in shares of Electronic Arts by 333.3% during the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after acquiring an additional 150 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in Electronic Arts in the 1st quarter worth $27,000. Opal Wealth Advisors LLC purchased a new position in Electronic Arts in the 2nd quarter worth $28,000. Family Firm Inc. bought a new stake in Electronic Arts in the second quarter worth $33,000. Finally, New Covenant Trust Company N.A. purchased a new stake in Electronic Arts during the first quarter valued at about $35,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EA. BMO Capital Markets reissued an “outperform” rating and issued a $154.00 target price on shares of Electronic Arts in a research note on Wednesday, October 16th. Raymond James boosted their price objective on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Benchmark restated a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Oppenheimer upped their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Finally, UBS Group increased their price target on shares of Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Electronic Arts has a consensus rating of “Moderate Buy” and an average price target of $162.76.

Electronic Arts Stock Performance

Shares of EA opened at $145.20 on Friday. Electronic Arts Inc. has a 52 week low of $119.92 and a 52 week high of $153.51. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The stock has a market cap of $38.36 billion, a P/E ratio of 34.16, a P/E/G ratio of 1.97 and a beta of 0.79. The business’s 50 day moving average price is $145.01 and its 200-day moving average price is $139.58.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. Equities research analysts anticipate that Electronic Arts Inc. will post 5.93 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. Electronic Arts’s dividend payout ratio is presently 17.88%.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of Electronic Arts 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 sale, the insider now owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the sale, the insider now owns 31,190 shares of the company’s stock, valued at $4,675,692.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $144.72, for a total transaction of $217,080.00. Following the transaction, the executive vice president now directly owns 24,860 shares of the company’s stock, valued at $3,597,739.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,270 shares of company stock worth $3,287,735 over the last 90 days. 0.22% of the stock is currently owned by insiders.

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.