Gratus Wealth Advisors LLC Has $270,000 Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Gratus Wealth Advisors LLC decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 63.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,891 shares of the game software company’s stock after selling 3,293 shares during the quarter. Gratus Wealth Advisors LLC’s holdings in Electronic Arts were worth $270,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EA. Vanguard Group Inc. raised its position in shares of Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after purchasing an additional 3,727,251 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Electronic Arts by 496.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after buying an additional 2,090,504 shares during the period. Swedbank AB acquired a new stake in Electronic Arts during the 1st quarter worth approximately $201,935,000. Jericho Capital Asset Management L.P. bought a new position in Electronic Arts in the first quarter valued at approximately $189,055,000. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Electronic Arts in the second quarter valued at approximately $188,159,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Ratings Changes

EA has been the subject of several recent research reports. UBS Group upped their price objective on Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Benchmark reaffirmed a “buy” rating and set a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Raymond James boosted their price objective on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets restated an “outperform” rating and set a $154.00 target price on shares of Electronic Arts in a report on Tuesday, July 30th. Finally, Citigroup lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and lifted their price target for the company from $148.00 to $161.00 in a research note on Monday, July 15th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.94.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 7,384 shares of the 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 transaction, the insider now directly owns 31,190 shares in the company, valued at approximately $4,675,692.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total transaction of $353,750.00. Following the completion of the transaction, the chief executive officer now directly owns 54,247 shares in the company, valued at $7,675,950.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the transaction, the insider now owns 31,190 shares in the company, valued at $4,675,692.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,270 shares of company stock worth $4,006,565 in the last three months. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $143.33 on Wednesday. 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 capitalization of $38.09 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 1.91 and a beta of 0.79. Electronic Arts Inc. has a twelve month low of $119.92 and a twelve month high of $153.51. The company has a 50-day simple moving average of $145.65 and a two-hundred day simple moving average of $138.43.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Analysts forecast that Electronic Arts Inc. will post 5.93 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

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.