Electronic Arts Inc. (NASDAQ:EA) Stock Position Lifted by Archer Investment Corp

Archer Investment Corp boosted its stake in Electronic Arts Inc. (NASDAQ:EA) by 3,893.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,877 shares of the game software company’s stock after buying an additional 1,830 shares during the quarter. Archer Investment Corp’s holdings in Electronic Arts were worth $269,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC grew its holdings in Electronic Arts by 5.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after purchasing an additional 76 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of Electronic Arts by 2.9% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after purchasing an additional 79 shares during the last quarter. Shepherd Financial Partners LLC increased its holdings in shares of Electronic Arts by 1.6% during the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock worth $816,000 after buying an additional 88 shares in the last quarter. Grove Bank & Trust increased its holdings in Electronic Arts by 23.5% during the 2nd quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock valued at $69,000 after purchasing an additional 94 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Electronic Arts by 1.5% in the third quarter. CWM LLC now owns 6,302 shares of the game software company’s stock valued at $904,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Down 1.7 %

Electronic Arts stock opened at $161.36 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $42.32 billion, a P/E ratio of 41.48, a PEG ratio of 2.13 and a beta of 0.78. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $164.42. The stock has a 50-day simple moving average of $147.17 and a 200 day simple moving average of $142.44.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the sale, the chief executive officer now directly owns 54,247 shares in the company, valued at $7,675,950.50. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. This trade represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,144 shares of company stock worth $3,886,282 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EA shares. UBS Group raised their price target on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Benchmark restated a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, October 30th. Argus lifted their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Bank of America increased their price target on Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, TD Cowen lifted their price objective on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.