Ashton Thomas Private Wealth LLC Has $476,000 Holdings in Electronic Arts Inc. (NASDAQ:EA)

Ashton Thomas Private Wealth LLC decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,318 shares of the game software company’s stock after selling 122 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Electronic Arts were worth $476,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in EA. Ashton Thomas Securities LLC acquired a new stake in Electronic Arts in the 3rd quarter worth about $25,000. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts during the second quarter worth approximately $28,000. Family Firm Inc. acquired a new stake in shares of Electronic Arts in the second quarter valued at approximately $33,000. New Covenant Trust Company N.A. bought a new stake in shares of Electronic Arts in the first quarter valued at approximately $35,000. Finally, Reston Wealth Management LLC acquired a new stake in Electronic Arts during the third quarter worth approximately $36,000. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Roth Mkm upped their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their price objective on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. BMO Capital Markets restated an “outperform” rating and issued a $160.00 target price (up from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Finally, TD Cowen increased their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $165.37.

Electronic Arts Stock Up 0.9 %

Shares of NASDAQ EA opened at $164.12 on Friday. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $164.42. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $43.04 billion, a PE ratio of 42.19, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78. The company has a 50 day simple moving average of $146.83 and a 200 day simple moving average of $142.21.

Electronic Arts Dividend Announcement

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

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $148.88, for a total transaction of $372,200.00. Following the completion of the sale, the chief executive officer now directly owns 56,747 shares in the company, valued at $8,448,493.36. This represents a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the transaction, the insider now owns 31,190 shares in the company, valued at approximately $4,675,692.90. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,144 shares of company stock worth $3,886,282 over the last ninety days. 0.22% of the stock is owned by insiders.

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.