Venturi Wealth Management LLC Increases Holdings in Electronic Arts Inc. (NASDAQ:EA)

Venturi Wealth Management LLC lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 269.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 797 shares of the game software company’s stock after buying an additional 581 shares during the period. Venturi Wealth Management LLC’s holdings in Electronic Arts were worth $117,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Electronic Arts during the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. grew its position in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after acquiring an additional 117 shares during the last quarter. Reston Wealth Management LLC bought a new position in Electronic Arts during the 3rd quarter worth approximately $36,000. Larson Financial Group LLC grew its position in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after acquiring an additional 70 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its position in Electronic Arts by 1,458.3% during the 4th quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock worth $55,000 after acquiring an additional 350 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Up 0.7 %

Shares of NASDAQ:EA opened at $130.93 on Friday. The stock has a fifty day simple moving average of $137.09 and a two-hundred day simple moving average of $146.24. The stock has a market capitalization of $34.12 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, research analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

Insider Buying and Selling at Electronic Arts

In other news, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total value of $130,110.00. Following the completion of the transaction, the chief financial officer now owns 9,516 shares in the company, valued at $1,238,126.76. The trade was a 9.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the transaction, the chief executive officer now owns 47,615 shares of the company’s stock, valued at $7,047,020. This represents a 9.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,500 shares of company stock worth $3,593,095. 0.22% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EA shares. Robert W. Baird reduced their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Citigroup reduced their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Raymond James lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Finally, Bank of America lifted their price objective on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $154.55.

Electronic Arts 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.