Wingate Wealth Advisors Inc. Takes Position in Electronic Arts Inc. (NASDAQ:EA)

Wingate Wealth Advisors Inc. purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 565 shares of the game software company’s stock, valued at approximately $83,000.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Electronic Arts by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after acquiring an additional 26,505 shares during the period. Swedbank AB raised its stake in shares of Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after acquiring an additional 95,190 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Electronic Arts by 51.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after acquiring an additional 373,730 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Electronic Arts by 28.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 940,942 shares of the game software company’s stock valued at $134,969,000 after acquiring an additional 206,623 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Electronic Arts by 8.4% in the 3rd quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company’s stock valued at $124,548,000 after acquiring an additional 66,797 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

EA has been the topic of a number of research reports. Roth Mkm cut their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target for the company. in a report on Monday, January 27th. UBS Group raised 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. Oppenheimer lowered their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Finally, StockNews.com lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and an average target price of $155.24.

Electronic Arts Stock Up 2.7 %

EA stock opened at $132.09 on Tuesday. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a market capitalization of $34.43 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 2.74 and a beta of 0.79. The firm’s 50-day moving average is $143.31 and its two-hundred day moving average is $147.34. The company has a current ratio of 1.38, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, analysts forecast that Electronic Arts Inc. will post 4.99 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. Electronic Arts’s payout ratio is currently 19.34%.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the sale, the insider now owns 28,216 shares in the company, valued at $3,443,198.48. This represents a 3.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the completion of the sale, the insider now owns 47,514 shares of the company’s stock, valued at approximately $6,216,256.62. The trade was a 5.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,000 shares of company stock worth $3,889,585 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

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.