Thoroughbred Financial Services LLC Has $831,000 Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Thoroughbred Financial Services LLC lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,969 shares of the game software company’s stock after buying an additional 355 shares during the period. Thoroughbred Financial Services LLC’s holdings in Electronic Arts were worth $831,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. grew its holdings in Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after acquiring an additional 79 shares during the last quarter. Grove Bank & Trust lifted its holdings in shares of Electronic Arts by 23.5% during the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock worth $69,000 after purchasing an additional 94 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of Electronic Arts by 4.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock worth $291,000 after purchasing an additional 97 shares during the last quarter. Claro Advisors LLC increased its holdings in Electronic Arts by 5.6% in the first quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock valued at $250,000 after purchasing an additional 100 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in Electronic Arts by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 20,909 shares of the game software company’s stock worth $2,913,000 after purchasing an additional 100 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the transaction, the insider now owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Electronic Arts 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 value of $151,700.00. Following the completion of the transaction, the insider now owns 30,190 shares in the company, valued at approximately $4,579,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total value of $350,650.00. Following the sale, the chief executive officer now owns 61,747 shares in the company, valued at $8,660,634.22. The disclosure for this sale can be found here. Insiders sold a total of 27,070 shares of company stock worth $3,963,638 in the last quarter. 0.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on EA. Bank of America upped their price target on Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Jefferies Financial Group started coverage on shares of Electronic Arts in a report on Thursday, July 11th. They set a “buy” rating and a $165.00 price target for the company. JPMorgan Chase & Co. upped their price objective on shares of Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. The Goldman Sachs Group lifted their target price on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Roth Mkm upped their price target on shares of Electronic Arts from $135.00 to $152.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $161.28.

Electronic Arts Stock Up 0.7 %

Shares of NASDAQ EA opened at $145.83 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $153.51. The stock has a market capitalization of $38.53 billion, a P/E ratio of 31.16, a P/E/G ratio of 1.97 and a beta of 0.79. The company has a 50-day moving average price of $146.26 and a 200-day moving average price of $137.60.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. On average, equities research analysts forecast that Electronic Arts Inc. will post 5.89 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, August 28th. Electronic Arts’s dividend payout ratio is 16.24%.

About Electronic Arts

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.