Axxcess Wealth Management LLC Invests $339,000 in Electronic Arts Inc. (NASDAQ:EA)

Axxcess Wealth Management LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,478 shares of the game software company’s stock, valued at approximately $339,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bray Capital Advisors increased its position in Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after purchasing an additional 110 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its stake in shares of Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after purchasing an additional 154,989 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at about $30,000. Venturi Wealth Management LLC lifted its stake in shares of Electronic Arts by 81.0% in the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock valued at $31,000 after purchasing an additional 102 shares in the last quarter. Finally, CVA Family Office LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analysts Set New Price Targets

EA has been the topic of several research analyst reports. Stifel Nicolaus lifted their price objective on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Robert W. Baird reduced their price target on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday. UBS Group reduced their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Wedbush reissued an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research report on Wednesday. Finally, Benchmark reaffirmed a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Electronic Arts has a consensus rating of “Moderate Buy” and an average target price of $146.94.

Electronic Arts Trading Down 3.8 %

Shares of NASDAQ EA opened at $125.24 on Thursday. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53. The company has a market cap of $33.48 billion, a price-to-earnings ratio of 31.55, a P/E/G ratio of 1.73 and a beta of 0.78. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $131.27 and a 200-day simple moving average of $134.45.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.61%. Electronic Arts’s dividend payout ratio is 19.14%.

Insider Activity

In related news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now directly owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $140.26, for a total value of $210,390.00. Following the transaction, the chief financial officer now directly owns 4,894 shares of the company’s stock, valued at approximately $686,432.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the transaction, the insider now directly owns 20,258 shares in the company, valued at $2,901,755.92. The disclosure for this sale can be found here. Insiders sold a total of 32,272 shares of company stock valued at $4,420,459 over the last three months. Insiders own 0.20% of the company’s stock.

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.