Mirador Capital Partners LP Purchases 502 Shares of Electronic Arts Inc. (NASDAQ:EA)

Mirador Capital Partners LP lifted its position in Electronic Arts Inc. (NASDAQ:EA) by 15.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,766 shares of the game software company’s stock after purchasing an additional 502 shares during the quarter. Mirador Capital Partners LP’s holdings in Electronic Arts were worth $500,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in EA. Cape Investment Advisory Inc. grew its stake in Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after buying an additional 101 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. increased its stake in Electronic Arts by 269.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after acquiring an additional 154,989 shares during the last quarter. Larson Financial Group LLC purchased a new stake in Electronic Arts during the fourth quarter valued at about $30,000. Venturi Wealth Management LLC lifted its stake in Electronic Arts by 81.0% during the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after purchasing an additional 102 shares during the last quarter. Finally, Private Wealth Management Group LLC purchased a new position in shares of Electronic Arts in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 4,639 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total value of $622,321.85. Following the completion of the transaction, the chief executive officer now owns 66,747 shares in the company, valued at $8,954,110.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Andrew Wilson sold 4,639 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total transaction of $622,321.85. Following the sale, the chief executive officer now owns 66,747 shares of the company’s stock, valued at $8,954,110.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Eric Charles Kelly sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $133.75, for a total transaction of $401,250.00. Following the transaction, the chief accounting officer now directly owns 7,458 shares of the company’s stock, valued at approximately $997,507.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,239 shares of company stock valued at $2,953,588. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

EA opened at $137.32 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $36.49 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 2.21 and a beta of 0.79. The stock’s 50 day moving average price is $132.91 and its 200-day moving average price is $134.83. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.78 billion. On average, equities research analysts predict that Electronic Arts Inc. will post 5.72 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were issued a $0.19 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.55%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Wall Street Analyst Weigh In

EA has been the subject of a number of recent research reports. Robert W. Baird dropped their target price on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. StockNews.com raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Roth Mkm decreased their target price on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Benchmark restated a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Friday, June 21st. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $147.50.

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.