B. Riley Wealth Advisors Inc. Has $287,000 Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

B. Riley Wealth Advisors Inc. decreased its stake in Electronic Arts Inc. (NASDAQ:EA) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,097 shares of the game software company’s stock after selling 97 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Electronic Arts were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dark Forest Capital Management LP bought a new stake in shares of Electronic Arts during the 3rd quarter valued at about $227,000. Stifel Financial Corp boosted its position in shares of Electronic Arts by 10.4% during the 3rd quarter. Stifel Financial Corp now owns 84,602 shares of the game software company’s stock valued at $10,191,000 after purchasing an additional 7,989 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Electronic Arts by 21.7% during the 3rd quarter. Federated Hermes Inc. now owns 48,566 shares of the game software company’s stock valued at $5,847,000 after purchasing an additional 8,674 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Electronic Arts by 31.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 7,563 shares of the game software company’s stock valued at $911,000 after purchasing an additional 1,808 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Electronic Arts by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 120,384 shares of the game software company’s stock valued at $14,494,000 after purchasing an additional 610 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EA shares. Benchmark restated a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. StockNews.com upgraded Electronic Arts from a “hold” rating to a “buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Roth Mkm cut their price target on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Finally, Stifel Nicolaus increased their price target on Electronic Arts from $150.00 to $163.00 and gave the stock a “buy” rating in a report on Monday. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus target price of $147.50.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total value of $317,975.00. Following the completion of the sale, the chief executive officer now directly owns 23,430 shares of the company’s stock, valued at $2,980,061.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $132.88, for a total value of $106,304.00. Following the completion of the sale, the insider now directly owns 39,374 shares of the company’s stock, valued at $5,232,017.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $127.19, for a total value of $317,975.00. Following the completion of the transaction, the chief executive officer now owns 23,430 shares of the company’s stock, valued at $2,980,061.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,039 shares of company stock valued at $2,763,319. 0.22% of the stock is owned by insiders.

Electronic Arts Stock Performance

Shares of EA opened at $140.57 on Thursday. 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 company has a market capitalization of $37.35 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 2.24 and a beta of 0.80. The stock has a 50 day moving average of $132.19 and a 200 day moving average of $134.91. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. As a group, sell-side analysts forecast that Electronic Arts Inc. will post 5.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Wednesday, May 29th. Electronic Arts’s payout ratio is 16.24%.

Electronic Arts Company 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.