EverSource Wealth Advisors LLC Has $62,000 Holdings in Electronic Arts Inc. (NASDAQ:EA)

EverSource Wealth Advisors LLC raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EAGet Rating) by 255.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 490 shares of the game software company’s stock after buying an additional 352 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Electronic Arts were worth $62,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Tortoise Investment Management LLC raised its stake in shares of Electronic Arts by 294.1% in the first quarter. Tortoise Investment Management LLC now owns 201 shares of the game software company’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. Tyler Stone Wealth Management acquired a new position in shares of Electronic Arts in the fourth quarter valued at $33,000. Geneos Wealth Management Inc. raised its stake in shares of Electronic Arts by 128.9% in the first quarter. Geneos Wealth Management Inc. now owns 293 shares of the game software company’s stock valued at $37,000 after purchasing an additional 165 shares in the last quarter. Stonebridge Capital Advisors LLC raised its stake in shares of Electronic Arts by 164.9% in the first quarter. Stonebridge Capital Advisors LLC now owns 294 shares of the game software company’s stock valued at $37,000 after purchasing an additional 183 shares in the last quarter. Finally, Herold Advisors Inc. acquired a new position in shares of Electronic Arts in the first quarter valued at $38,000. 90.65% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Trading Down 2.1 %

NASDAQ:EA opened at $121.74 on Friday. Electronic Arts Inc. has a 1-year low of $109.24 and a 1-year high of $146.72. The business’s 50-day moving average price is $128.44 and its two-hundred day moving average price is $127.42. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $33.85 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 3.84 and a beta of 0.84.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Tuesday, August 30th. Electronic Arts’s dividend payout ratio is currently 24.05%.

Analyst Ratings Changes

A number of research analysts recently commented on EA shares. Morgan Stanley cut their target price on Electronic Arts from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, June 13th. Wells Fargo & Company upped their price target on Electronic Arts from $145.00 to $155.00 and gave the company a “maintains” rating in a research report on Thursday, August 4th. Moffett Nathanson cut Electronic Arts from a “buy” rating to a “neutral” rating and upped their price target for the company from $141.00 to $147.00 in a research report on Friday, June 10th. Credit Suisse Group lowered their price target on Electronic Arts from $159.00 to $154.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 3rd. Finally, Ascendiant Capital Markets set a $160.00 target price on Electronic Arts in a report on Monday, June 20th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Electronic Arts has a consensus rating of “Moderate Buy” and a consensus target price of $150.64.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $120.90, for a total transaction of $96,720.00. Following the sale, the insider now owns 28,514 shares of the company’s stock, valued at $3,447,342.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $120.90, for a total transaction of $96,720.00. Following the sale, the insider now owns 28,514 shares of the company’s stock, valued at $3,447,342.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 7,373 shares of the stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $130.05, for a total value of $958,858.65. Following the transaction, the chief executive officer now owns 29,242 shares of the company’s stock, valued at $3,802,922.10. The disclosure for this sale can be found here. Insiders have sold a total of 92,901 shares of company stock valued at $12,015,172 over the last 90 days. 0.37% of the stock is owned by company insiders.

Electronic Arts Profile

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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.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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