Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by First Business Financial Services Inc.

First Business Financial Services Inc. boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 8.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 15,286 shares of the game software company’s stock after acquiring an additional 1,220 shares during the period. First Business Financial Services Inc.’s holdings in Electronic Arts were worth $2,193,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts in the 3rd quarter worth $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Electronic Arts during the second quarter worth about $28,000. Family Firm Inc. acquired a new position in shares of Electronic Arts during the 2nd quarter worth about $33,000. Reston Wealth Management LLC purchased a new position in Electronic Arts in the 3rd quarter valued at about $36,000. Finally, Gradient Investments LLC boosted its holdings in Electronic Arts by 592.1% in the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock worth $37,000 after buying an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the sale, the insider now owns 31,190 shares of the company’s stock, valued at $4,675,692.90. The trade was a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total transaction of $395,075.00. Following the transaction, the insider now directly owns 50,433 shares of the company’s stock, valued at $7,969,926.99. This represents a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,144 shares of company stock valued at $3,886,282. 0.22% of the stock is owned by company insiders.

Electronic Arts Stock Up 0.9 %

EA stock opened at $164.12 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $43.04 billion, a price-to-earnings ratio of 42.19, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $164.42. The company has a fifty day moving average price of $146.83 and a 200 day moving average price of $142.21.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.46%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s dividend payout ratio is presently 19.54%.

Wall Street Analyst Weigh In

A number of research firms have commented on EA. Robert W. Baird increased their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a research note on Friday, October 25th. Raymond James boosted their price target on shares of Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Morgan Stanley reaffirmed an “equal weight” rating and set a $150.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, Benchmark reissued a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.37.

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.