B. Riley Wealth Advisors Inc. Trims Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

B. Riley Wealth Advisors Inc. lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 20.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,753 shares of the game software company’s stock after selling 441 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Electronic Arts were worth $244,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. North Star Investment Management Corp. boosted 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 worth $26,000 after purchasing an additional 150 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in Electronic Arts in the first quarter worth $27,000. Opal Wealth Advisors LLC purchased a new stake in shares of Electronic Arts in the second quarter worth $28,000. YHB Investment Advisors Inc. bought a new position in shares of Electronic Arts during the first quarter valued at $30,000. Finally, Family Firm Inc. purchased a new position in shares of Electronic Arts in the 2nd quarter worth about $33,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.3 %

Shares of Electronic Arts stock opened at $143.33 on Wednesday. Electronic Arts Inc. has a 1-year low of $119.92 and a 1-year high of $153.51. The company’s fifty day simple moving average is $145.65 and its 200-day simple moving average is $138.43. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $38.09 billion, a PE ratio of 30.63, a P/E/G ratio of 1.91 and a beta of 0.79.

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

Electronic Arts Announces Dividend

The company also recently disclosed 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 was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Insider Activity

In related news, EVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $144.86, for a total transaction of $144,860.00. Following the sale, the executive vice president now owns 29,317 shares of the company’s stock, valued at approximately $4,246,860.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Stuart Canfield sold 3,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $145.00, for a total transaction of $435,000.00. Following the completion of the transaction, the chief financial officer now owns 7,553 shares in the company, valued at $1,095,185. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $144.86, for a total value of $144,860.00. Following the completion of the sale, the executive vice president now directly owns 29,317 shares in the company, valued at $4,246,860.62. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,270 shares of company stock worth $4,006,565 in the last three months. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Bank of America increased their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. UBS Group raised 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. Stifel Nicolaus upped their price objective on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. StockNews.com upgraded Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Finally, TD Cowen upped their price target on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $161.94.

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.