Maridea Wealth Management LLC Takes Position in Electronic Arts Inc. (NASDAQ:EA)

Maridea Wealth Management LLC bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,617 shares of the game software company’s stock, valued at approximately $237,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pinnacle Bancorp Inc. increased its holdings in shares of Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after acquiring an additional 117 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Electronic Arts during the fourth quarter worth $32,000. Millstone Evans Group LLC acquired a new position in Electronic Arts during the fourth quarter worth $37,000. SBI Securities Co. Ltd. acquired a new position in shares of Electronic Arts during the fourth quarter valued at about $41,000. Finally, Larson Financial Group LLC increased its position in shares of Electronic Arts by 31.8% during the third 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 in the last quarter. 90.23% of the stock is owned by institutional investors.

Electronic Arts Price Performance

EA opened at $144.25 on Friday. The firm has a 50-day moving average price of $133.05 and a 200-day moving average price of $144.63. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $37.59 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share 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%. Equities analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s payout ratio is presently 19.34%.

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the sale, the chief executive officer now owns 42,615 shares of the company’s stock, valued at approximately $6,080,308.20. This trade represents a 10.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of 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 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 $3,018,560 over the last ninety days. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on EA. Roth Mkm cut their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Citigroup cut their target price 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. Oppenheimer lowered their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. BMO Capital Markets cut their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Finally, Robert W. Baird lowered their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $155.65.

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.