Northstar Advisory Group LLC Buys New Position in Electronic Arts Inc. (NASDAQ:EA)

Northstar Advisory Group LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,780 shares of the game software company’s stock, valued at approximately $1,577,000.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC lifted its stake in shares of Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares in the last quarter. Claro Advisors LLC increased its holdings in Electronic Arts by 3.4% during the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock worth $334,000 after purchasing an additional 75 shares in the last quarter. Prime Capital Investment Advisors LLC increased its holdings in Electronic Arts by 5.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after purchasing an additional 76 shares in the last quarter. Shepherd Financial Partners LLC raised its stake in shares of Electronic Arts by 1.6% in the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock worth $816,000 after purchasing an additional 88 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Electronic Arts by 1.5% in the third quarter. CWM LLC now owns 6,302 shares of the game software company’s stock valued at $904,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EA shares. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. BMO Capital Markets reissued an “outperform” rating and set a $160.00 target price (up from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their price target for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and an average target price of $165.37.

Electronic Arts Price Performance

Shares of NASDAQ EA traded up $1.11 during midday trading on Monday, hitting $141.96. 2,074,203 shares of the company’s stock were exchanged, compared to its average volume of 1,781,065. The business’s fifty day moving average price is $156.89 and its two-hundred day moving average price is $149.08. The company has a market cap of $37.23 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 2.06 and a beta of 0.80. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $124.92 and a 12-month high of $168.50.

Electronic Arts Dividend Announcement

The company 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. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts’s payout ratio is 19.54%.

Insider Activity at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $144.72, for a total value of $217,080.00. Following the transaction, the executive vice president now directly owns 24,860 shares of the company’s stock, valued at $3,597,739.20. The trade was a 5.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $145.87, for a total transaction of $364,675.00. Following the completion of the transaction, the chief executive officer now owns 51,747 shares in the company, valued at $7,548,334.89. The trade was a 4.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,500 shares of company stock valued at $3,639,565. Corporate insiders own 0.22% of the company’s stock.

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.