Prime Capital Investment Advisors LLC Has $225,000 Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Prime Capital Investment Advisors LLC grew its position in Electronic Arts Inc. (NASDAQ:EA) by 5.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,572 shares of the game software company’s stock after buying an additional 76 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Electronic Arts were worth $225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in Electronic Arts by 496.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after purchasing an additional 2,090,504 shares in the last quarter. Swedbank AB bought a new position in Electronic Arts during the 1st quarter worth about $201,935,000. Jericho Capital Asset Management L.P. bought a new position in Electronic Arts during the 1st quarter worth about $189,055,000. Manning & Napier Advisors LLC bought a new position in Electronic Arts during the 2nd quarter worth about $188,159,000. Finally, Capital International Investors increased its holdings in Electronic Arts by 16.4% during the 1st quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock worth $782,920,000 after purchasing an additional 833,492 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EA shares. Morgan Stanley reiterated an “equal weight” rating and set a $150.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Bank of America increased their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird increased their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Argus increased their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus increased their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average target price of $165.37.

Electronic Arts Stock Down 1.7 %

EA opened at $161.36 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $147.17 and its 200 day simple moving average is $142.65. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $164.42. The stock has a market cap of $42.32 billion, a PE ratio of 41.48, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s dividend payout ratio is 19.54%.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total transaction of $151,700.00. Following the completion of the sale, the insider now directly owns 30,190 shares in the company, valued at approximately $4,579,823. This represents a 3.21 % decrease in their position. The transaction was disclosed in a legal filing 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 Monday, August 26th. The shares were sold at an average price of $148.88, for a total value of $372,200.00. Following the sale, the chief executive officer now owns 56,747 shares of the company’s stock, valued at approximately $8,448,493.36. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,884 shares of company stock valued at $3,699,335 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Company 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.