Brooklyn Investment Group Acquires Shares of 1,495 Electronic Arts Inc. (NASDAQ:EA)

Brooklyn Investment Group purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,495 shares of the game software company’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new stake in Electronic Arts in the 3rd quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the second quarter valued at approximately $28,000. Family Firm Inc. purchased a new stake in shares of Electronic Arts during the 2nd quarter valued at approximately $33,000. New Covenant Trust Company N.A. purchased a new stake in shares of Electronic Arts during the 1st quarter valued at approximately $35,000. Finally, Reston Wealth Management LLC purchased a new position in Electronic Arts in the 3rd quarter valued at approximately $36,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total value of $151,700.00. Following the transaction, the insider now directly owns 30,190 shares of the company’s stock, valued at $4,579,823. The trade was a 3.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laura Miele sold 2,500 shares of the business’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 of the company’s stock, valued at $7,969,926.99. The trade was a 4.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,000 shares of company stock valued at $3,073,520. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ:EA opened at $165.02 on Wednesday. The company has a market capitalization of $43.28 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 2.14 and a beta of 0.78. The business has a 50 day moving average of $149.71 and a 200 day moving average of $144.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.46%. Electronic Arts’s payout ratio is 19.54%.

Analyst Ratings Changes

EA has been the topic of several recent research reports. BMO Capital Markets restated an “outperform” rating and set a $160.00 target price (up previously from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Argus increased their price objective on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and lifted their target price for the company from $135.00 to $177.00 in a report on Thursday, October 31st. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.37.

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.