Hennion & Walsh Asset Management Inc. Raises Stake in Electronic Arts Inc. (NASDAQ:EA)

Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EAFree Report) by 27.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,605 shares of the game software company’s stock after purchasing an additional 556 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Electronic Arts were worth $374,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Claro Advisors LLC boosted its holdings in shares of Electronic Arts by 5.6% in the first quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock valued at $250,000 after acquiring an additional 100 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new stake in shares of Electronic Arts in the first quarter valued at about $27,000. Norden Group LLC purchased a new stake in shares of Electronic Arts in the first quarter valued at about $1,236,000. First Trust Direct Indexing L.P. boosted its holdings in shares of Electronic Arts by 7.3% in the first quarter. First Trust Direct Indexing L.P. now owns 5,430 shares of the game software company’s stock valued at $720,000 after acquiring an additional 369 shares in the last quarter. Finally, RBA Wealth Management LLC boosted its holdings in shares of Electronic Arts by 2.5% in the first quarter. RBA Wealth Management LLC now owns 25,828 shares of the game software company’s stock valued at $3,427,000 after acquiring an additional 622 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

NASDAQ:EA opened at $145.62 on Wednesday. The firm has a 50 day simple moving average of $144.83 and a 200-day simple moving average of $139.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $38.70 billion, a PE ratio of 31.12, a P/E/G ratio of 1.97 and a beta of 0.79. Electronic Arts Inc. has a 1-year low of $119.92 and a 1-year high of $153.51.

Electronic Arts (NASDAQ:EAGet Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. On average, equities analysts expect that Electronic Arts Inc. will post 5.93 EPS for the current year.

Insider Activity

In related news, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 31,190 shares in the company, valued at approximately $4,675,692.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $148.88, for a total value of $372,200.00. Following the completion of the sale, the chief executive officer now directly owns 56,747 shares in the company, valued at approximately $8,448,493.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the sale, the insider now owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,770 shares of company stock valued at $3,652,410 over the last 90 days. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Jefferies Financial Group assumed coverage on shares of Electronic Arts in a research note on Thursday, July 11th. They issued a “buy” rating and a $165.00 price objective for the company. The Goldman Sachs Group raised their price objective on shares of Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Morgan Stanley reiterated an “equal weight” rating and issued a $150.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $162.76.

Check Out Our Latest Stock Report on EA

Electronic Arts Company Profile

(Free Report)

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.

See Also

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

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