Frank Rimerman Advisors LLC Has $353,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Frank Rimerman Advisors LLC lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 8,641.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,535 shares of the game software company’s stock after purchasing an additional 2,506 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Electronic Arts were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in EA. North Star Investment Management Corp. raised its position in Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. Cape Investment Advisory Inc. raised its position in Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after purchasing an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new position in Electronic Arts during the 1st quarter worth about $27,000. Opal Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the 2nd quarter valued at about $28,000. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of Electronic Arts in the first quarter valued at about $30,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EA has been the topic of a number of analyst reports. Bank of America upped their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Wedbush boosted their price objective on Electronic Arts from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus lifted their target price on Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, 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. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average price target of $161.94.

Electronic Arts Stock Up 0.4 %

EA stock opened at $141.64 on Wednesday. The stock has a market cap of $37.64 billion, a P/E ratio of 30.26, a P/E/G 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. The stock’s fifty day simple moving average is $145.97 and its two-hundred day simple moving average is $137.82. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $153.51.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Analysts expect that Electronic Arts Inc. will post 5.89 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.71, for a total value of $111,768.00. Following the completion of the transaction, the insider now directly owns 38,574 shares in the company, valued at approximately $5,389,173.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $144.86, for a total transaction of $144,860.00. Following the completion of the transaction, the executive vice president now owns 29,317 shares of the company’s stock, valued at $4,246,860.62. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 38,574 shares in the company, valued at $5,389,173.54. The disclosure for this sale can be found here. Insiders sold 24,570 shares of company stock worth $3,621,343 over the last quarter. 0.22% of the stock is currently owned by company 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.