Benjamin F. Edwards & Company Inc. Purchases 2,540 Shares of Electronic Arts Inc. (NASDAQ:EA)

Benjamin F. Edwards & Company Inc. grew its position in Electronic Arts Inc. (NASDAQ:EA) by 33.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,119 shares of the game software company’s stock after purchasing an additional 2,540 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Electronic Arts were worth $1,410,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. North Star Investment Management Corp. raised its stake in 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. Cape Investment Advisory Inc. raised its position in shares of 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 in the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the first quarter valued at approximately $27,000. Opal Wealth Advisors LLC acquired a new stake in Electronic Arts during the second quarter worth approximately $28,000. Finally, YHB Investment Advisors Inc. bought a new position in Electronic Arts during the 1st quarter worth $30,000. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EA shares. Citigroup lowered Electronic Arts from a “buy” rating to a “neutral” rating and increased their target price for the stock from $148.00 to $161.00 in a report on Monday, July 15th. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Oppenheimer upped their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. TD Cowen lifted their price objective on shares of Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Raymond James boosted their price objective on shares of Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.94.

Electronic Arts Stock Performance

Shares of EA stock opened at $139.55 on Monday. The company’s fifty day moving average price is $146.15 and its 200-day moving average price is $137.73. The stock has a market cap of $37.08 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $153.51.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. On average, equities analysts expect that Electronic Arts Inc. will post 5.89 EPS for the current fiscal 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 dividend on an annualized basis and a yield of 0.54%. Electronic Arts’s payout ratio is currently 16.24%.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the sale, the insider now directly owns 38,574 shares of the company’s stock, valued at $5,389,173.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.71, for a total transaction of $111,768.00. Following the transaction, the insider now owns 38,574 shares in the company, valued at $5,389,173.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total transaction of $350,650.00. Following the completion of the sale, the chief executive officer now directly owns 61,747 shares of the company’s stock, valued at approximately $8,660,634.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,570 shares of company stock valued at $4,183,508. 0.22% of the stock is owned by corporate insiders.

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.