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

Axxcess Wealth Management LLC purchased a new position in Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,478 shares of the game software company’s stock, valued at approximately $339,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bray Capital Advisors boosted its position in shares of Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after acquiring an additional 110 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its position in shares of Electronic Arts by 269.1% during 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 acquiring an additional 154,989 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of Electronic Arts during the 4th quarter valued at approximately $30,000. Venturi Wealth Management LLC boosted its position in shares of Electronic Arts by 81.0% during the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock valued at $31,000 after acquiring an additional 102 shares during the last quarter. Finally, CVA Family Office LLC bought a new position in shares of Electronic Arts during the 4th quarter valued at approximately $38,000. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Robert W. Baird decreased their price target on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday. Benchmark restated a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a report on Thursday, April 18th. Stifel Nicolaus increased their price target on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. UBS Group decreased their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Finally, Roth Mkm reduced their target price on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $146.94.

Electronic Arts Trading Down 3.8 %

Shares of NASDAQ:EA opened at $125.24 on Thursday. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53. The stock has a market cap of $33.48 billion, a price-to-earnings ratio of 31.55, a PEG 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 50-day moving average price of $131.27 and a 200-day moving average price of $134.45.

Electronic Arts Announces Dividend

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

Insider Activity at Electronic Arts

In related news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 20,258 shares in the company, valued at $2,901,755.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the sale, the chief executive officer now directly owns 28,430 shares in the company, valued at $4,048,147.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, 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. Over the last ninety days, insiders sold 32,272 shares of company stock worth $4,420,459. 0.20% of the stock is owned by corporate insiders.

About Electronic Arts

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.