Fifth Third Wealth Advisors LLC Has $708,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Fifth Third Wealth Advisors LLC boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,837 shares of the game software company’s stock after acquiring an additional 83 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Electronic Arts were worth $708,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in shares of Electronic Arts in the 3rd quarter valued at about $25,000. Reston Wealth Management LLC acquired a new position in Electronic Arts during the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC increased its stake in Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after purchasing an additional 166 shares in the last quarter. Larson Financial Group LLC raised its holdings in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares during the period. Finally, Versant Capital Management Inc boosted its position in shares of Electronic Arts by 9,280.0% during the fourth quarter. Versant Capital Management Inc now owns 469 shares of the game software company’s stock worth $69,000 after purchasing an additional 464 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts 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 transaction, the insider now owns 28,190 shares in the company, valued at approximately $4,251,897.70. This trade represents a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the sale, the insider now owns 50,433 shares in the company, valued at $7,969,926.99. This represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock worth $3,637,660 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EA. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. BMO Capital Markets reaffirmed an “outperform” rating and set a $160.00 price target (up previously from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Benchmark reiterated a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, October 30th. Stifel Nicolaus restated a “hold” rating and set a $167.00 target price on shares of Electronic Arts in a report on Wednesday, December 18th. Finally, UBS Group upped their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Price Performance

NASDAQ:EA opened at $141.40 on Friday. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $168.50. The company has a market cap of $37.08 billion, a P/E ratio of 36.35, a P/E/G ratio of 1.84 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock’s 50-day simple moving average is $156.07 and its 200 day simple moving average is $149.07.

Electronic Arts Dividend Announcement

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

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.