Millstone Evans Group LLC Purchases Shares of 256 Electronic Arts Inc. (NASDAQ:EA)

Millstone Evans Group LLC acquired a new position in Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 256 shares of the game software company’s stock, valued at approximately $37,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EA. Pinnacle Bancorp Inc. boosted its holdings in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 117 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts during the 4th quarter worth about $32,000. SBI Securities Co. Ltd. acquired a new stake in shares of Electronic Arts during the 4th quarter valued at about $41,000. Larson Financial Group LLC increased its stake in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in Electronic Arts in the 4th quarter worth about $42,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other news, CFO Stuart Canfield sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $148.18, for a total transaction of $148,180.00. Following the completion of the transaction, the chief financial officer now directly owns 8,750 shares in the company, valued at $1,296,575. This trade represents a 10.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the sale, the executive vice president now owns 23,386 shares in the company, valued at $3,354,721.70. This represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock valued at $3,166,740 over the last 90 days. 0.22% of the stock is owned by insiders.

Analysts Set New Price Targets

EA has been the subject of a number of recent analyst reports. Wedbush restated an “outperform” rating and issued a $173.00 price objective on shares of Electronic Arts in a research report on Thursday, January 23rd. BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research report on Monday, January 27th. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Friday, January 31st. Bank of America raised their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Finally, Citigroup cut their price objective on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Thirteen 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 has an average rating of “Hold” and an average target price of $155.65.

Electronic Arts Stock Performance

NASDAQ:EA opened at $144.55 on Tuesday. The company’s 50-day moving average is $132.81 and its two-hundred day moving average is $144.61. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $37.67 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.53%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

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.