Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Creative Planning

Creative Planning grew its holdings in Electronic Arts Inc. (NASDAQ:EA) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,676 shares of the game software company’s stock after acquiring an additional 1,351 shares during the quarter. Creative Planning’s holdings in Electronic Arts were worth $3,826,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EA. First Affirmative Financial Network purchased a new stake in shares of Electronic Arts during the third quarter valued at $240,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Electronic Arts by 28.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 52,563 shares of the game software company’s stock valued at $7,539,000 after purchasing an additional 11,573 shares during the last quarter. JGP Wealth Management LLC increased its holdings in shares of Electronic Arts by 5.9% in the third quarter. JGP Wealth Management LLC now owns 6,030 shares of the game software company’s stock valued at $865,000 after purchasing an additional 334 shares during the period. UMB Bank n.a. raised its stake in shares of Electronic Arts by 31.4% in the third quarter. UMB Bank n.a. now owns 1,005 shares of the game software company’s stock worth $144,000 after purchasing an additional 240 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Electronic Arts during the third quarter worth about $1,348,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the transaction, the insider now owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the transaction, the insider now directly owns 30,190 shares in the company, valued at approximately $4,579,823. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Luis A. Ubinas sold 2,126 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $146.77, for a total value of $312,033.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,270 shares of company stock valued at $3,287,735. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

EA has been the subject of a number of research reports. Wedbush restated an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a research report on Friday. Raymond James upped their target price on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus lifted their price target on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Finally, BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Nine investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $161.94.

Electronic Arts Stock Up 0.1 %

Shares of NASDAQ EA opened at $145.20 on Friday. The company has a market capitalization of $38.58 billion, a P/E ratio of 31.03, a P/E/G ratio of 1.95 and a beta of 0.79. 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 company has a 50 day simple moving average of $145.01 and a 200-day simple moving average of $139.52. Electronic Arts Inc. has a 1 year low of $119.92 and a 1 year high of $153.51.

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

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were issued 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 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.