PKO Investment Management Joint Stock Co Takes $1.46 Million Position in Electronic Arts Inc. (NASDAQ:EA)

PKO Investment Management Joint Stock Co bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the game software company's stock, valued at approximately $1,463,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Putney Financial Group LLC purchased a new position in shares of Electronic Arts in the fourth quarter worth $26,000. Whipplewood Advisors LLC purchased a new position in shares of Electronic Arts in the fourth quarter worth $32,000. LGT Financial Advisors LLC purchased a new position in shares of Electronic Arts in the fourth quarter worth $33,000. Millstone Evans Group LLC purchased a new position in shares of Electronic Arts in the fourth quarter worth $37,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Electronic Arts in the fourth quarter worth $41,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EA shares. UBS Group raised their price target on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Hsbc Global Res upgraded shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. DA Davidson assumed coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price objective on the stock. TD Cowen increased their price objective on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Finally, BMO Capital Markets cut their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Fifteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Electronic Arts has a consensus rating of "Hold" and an average price target of $161.88.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the transaction, the chief executive officer now directly owns 32,615 shares of the company's stock, valued at $4,647,637.50. The trade was a 13.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Miele sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $155.57, for a total transaction of $388,925.00. Following the completion of the sale, the insider now directly owns 40,189 shares in the company, valued at $6,252,202.73. This trade represents a 5.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,729 shares of company stock valued at $4,107,664 over the last ninety days. Company insiders own 0.22% of the company's stock.

Electronic Arts Price Performance

Shares of NASDAQ:EA traded up $0.38 during midday trading on Friday, hitting $143.22. The company's stock had a trading volume of 5,544,453 shares, compared to its average volume of 2,739,520. The business's 50 day simple moving average is $145.65 and its 200 day simple moving average is $144.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market cap of $35.91 billion, a P/E ratio of 36.44, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts's dividend payout ratio is currently 17.92%.

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.