Mirador Capital Partners LP Has $500,000 Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Mirador Capital Partners LP grew its holdings in Electronic Arts Inc. (NASDAQ:EA) by 15.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,766 shares of the game software company’s stock after purchasing an additional 502 shares during the quarter. Mirador Capital Partners LP’s holdings in Electronic Arts were worth $500,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cape Investment Advisory Inc. lifted its stake in Electronic Arts by 102.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after buying an additional 101 shares during the period. Larson Financial Group LLC acquired a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $30,000. Private Wealth Management Group LLC bought a new position in Electronic Arts during the 4th quarter worth approximately $31,000. Venturi Wealth Management LLC grew its holdings in Electronic Arts by 81.0% during the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock valued at $31,000 after purchasing an additional 102 shares during the period. Finally, CVA Family Office LLC bought a new stake in Electronic Arts in the fourth quarter valued at approximately $38,000. Institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Electronic Arts from $150.00 to $163.00 and gave the company a “buy” rating in a report on Monday, June 24th. Robert W. Baird dropped their price target on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a research report on Friday, June 21st. BMO Capital Markets dropped their target price on Electronic Arts from $160.00 to $154.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. Finally, UBS Group reduced their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and an average price target of $147.50.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the transaction, the insider now owns 18,426 shares of the company’s stock, valued at $2,362,397.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the sale, the insider now 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 is accessible through this link. Also, CEO Andrew Wilson sold 4,639 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total transaction of $622,321.85. Following the transaction, the chief executive officer now owns 66,747 shares of the company’s stock, valued at $8,954,110.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,239 shares of company stock valued at $2,953,588. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Down 1.4 %

EA stock opened at $137.32 on Tuesday. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $36.49 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 2.21 and a beta of 0.79. The business’s fifty day moving average price is $132.91 and its two-hundred day moving average price is $134.83.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.78 billion. On average, equities analysts anticipate that Electronic Arts Inc. will post 5.72 earnings per share for the current year.

Electronic Arts Announces Dividend

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

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.