Aprio Wealth Management LLC Invests $216,000 in Electronic Arts Inc. (NASDAQ:EA)

Aprio Wealth Management LLC acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EAFree Report) in the fourth quarter, HoldingsChannel reports. The fund acquired 1,477 shares of the game software company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EA. D. E. Shaw & Co. Inc. grew its position in shares of Electronic Arts by 43.3% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock worth $193,727,000 after acquiring an additional 420,382 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Electronic Arts by 29.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock valued at $215,725,000 after purchasing an additional 354,005 shares during the period. abrdn plc grew its position in Electronic Arts by 59.2% in the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company’s stock worth $123,484,000 after purchasing an additional 319,335 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Electronic Arts by 8,503.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock valued at $45,626,000 after purchasing an additional 314,388 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Electronic Arts during the third quarter valued at approximately $40,154,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the transaction, the insider now owns 29,216 shares in the company, valued at $4,311,405.12. This represents a 3.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $145.87, for a total transaction of $364,675.00. Following the completion of the sale, the chief executive officer now owns 51,747 shares of the company’s stock, valued at $7,548,334.89. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock worth $3,422,485 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EA. Robert W. Baird increased their price objective on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. cut their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Argus increased their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley restated an “equal weight” rating and set a $150.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Read Our Latest Stock Analysis on EA

Electronic Arts Price Performance

NASDAQ EA opened at $141.75 on Wednesday. The company has a 50 day simple moving average of $156.67 and a 200-day simple moving average of $149.10. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $168.50. The firm has a market capitalization of $37.18 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 2.06 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

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.

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

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