Aprio Wealth Management LLC Buys Shares of 1,477 Electronic Arts Inc. (NASDAQ:EA)

Aprio Wealth Management LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,477 shares of the game software company’s stock, valued at approximately $216,000.

A number of other institutional investors have also modified their holdings of the company. Private Advisor Group LLC boosted its stake in Electronic Arts by 18.4% in the 2nd quarter. Private Advisor Group LLC now owns 3,526 shares of the game software company’s stock worth $491,000 after buying an additional 548 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Electronic Arts by 8.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 282,178 shares of the game software company’s stock valued at $39,316,000 after acquiring an additional 20,792 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Electronic Arts by 0.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock worth $583,162,000 after acquiring an additional 18,376 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Electronic Arts by 29.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock worth $215,725,000 after acquiring an additional 354,005 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in shares of Electronic Arts by 4.6% in the second quarter. Mutual of America Capital Management LLC now owns 42,256 shares of the game software company’s stock worth $5,888,000 after acquiring an additional 1,839 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Down 0.1 %

Shares of NASDAQ EA opened at $141.75 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $168.50. The stock’s 50-day simple moving average is $156.67 and its 200-day simple moving average is $149.10. The firm has a market cap of $37.18 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 2.06 and a beta of 0.80.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EA shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $150.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Roth Mkm increased their target price on Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. reduced their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Benchmark restated a “buy” rating and set a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, October 30th. Finally, BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.37.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total transaction of $832,350.00. Following the transaction, the chief executive officer now directly owns 52,615 shares in the company, valued at $8,758,819.05. This represents a 8.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $150.83, for a total transaction of $150,830.00. Following the completion of the sale, the insider now directly owns 28,190 shares of the company’s stock, valued at $4,251,897.70. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,000 shares of company stock worth $3,422,485. 0.22% of the stock is currently owned by insiders.

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.