Orion Portfolio Solutions LLC Has $2.37 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Orion Portfolio Solutions LLC increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.5% during the 4th quarter, HoldingsChannel reports. The fund owned 16,194 shares of the game software company’s stock after purchasing an additional 543 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Electronic Arts were worth $2,369,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. boosted its stake in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after acquiring an additional 117 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at $32,000. Millstone Evans Group LLC bought a new position in shares of Electronic Arts in the 4th quarter worth $37,000. SBI Securities Co. Ltd. bought a new stake in Electronic Arts in the fourth quarter valued at about $41,000. Finally, OFI Invest Asset Management acquired a new position in Electronic Arts in the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Ascendiant Capital Markets boosted their target price on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Benchmark upped their target price on shares of Electronic Arts from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, March 24th. Roth Mkm reduced their price target on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. DA Davidson began coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price objective for the company. Finally, Citigroup reduced their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $155.65.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00. Following the transaction, the insider now directly owns 29,216 shares of the company’s stock, valued at approximately $4,311,405.12. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total value of $713,400.00. Following the sale, the chief executive officer now directly owns 42,615 shares of the company’s stock, valued at $6,080,308.20. This represents a 10.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock worth $3,018,560 over the last quarter. 0.22% of the stock is currently owned by insiders.

Electronic Arts Trading Up 0.8 %

Electronic Arts stock opened at $145.67 on Wednesday. The company has a market cap of $37.96 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 3.58 and a beta of 0.78. The firm has a 50-day moving average of $133.15 and a 200-day moving average of $144.63. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, equities analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

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.