Wolf Group Capital Advisors bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,483 shares of the game software company's stock, valued at approximately $1,949,000.
Several other large investors have also added to or reduced their stakes in the business. Putney Financial Group LLC bought a new stake in Electronic Arts during the fourth quarter worth $26,000. Opal Wealth Advisors LLC bought a new stake in Electronic Arts during the first quarter worth $28,000. Whipplewood Advisors LLC bought a new stake in Electronic Arts during the fourth quarter worth $32,000. LGT Financial Advisors LLC bought a new stake in Electronic Arts during the fourth quarter worth $33,000. Finally, Millstone Evans Group LLC bought a new stake in Electronic Arts during the fourth quarter worth $37,000. Institutional investors and hedge funds own 90.23% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on EA. Benchmark upped their price target on shares of Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Citigroup reaffirmed a "neutral" rating and set a $153.00 price target (up from $139.00) on shares of Electronic Arts in a research report on Thursday, May 29th. Robert W. Baird set a $168.00 price target on shares of Electronic Arts in a research report on Wednesday, May 7th. TD Cowen upped their price target on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Argus set a $170.00 price objective on shares of Electronic Arts in a research report on Friday, May 16th. Fifteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $161.88.
Check Out Our Latest Stock Analysis on Electronic Arts
Insider Buying and Selling
In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $155.57, for a total value of $388,925.00. Following the transaction, the insider now directly owns 40,189 shares of the company's stock, valued at $6,252,202.73. This trade represents a 5.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $148.69, for a total transaction of $223,035.00. Following the completion of the transaction, the executive vice president now directly owns 29,948 shares in the company, valued at approximately $4,452,968.12. This represents a 4.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,229 shares of company stock valued at $4,330,699. 0.22% of the stock is owned by company insiders.
Electronic Arts Price Performance
NASDAQ:EA opened at $150.33 on Wednesday. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The firm has a market cap of $37.70 billion, a price-to-earnings ratio of 35.46, a P/E/G ratio of 2.08 and a beta of 0.71. The firm's 50-day simple moving average is $147.52 and its 200 day simple moving average is $142.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95.
Electronic Arts Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, May 28th. Electronic Arts's dividend payout ratio is 17.92%.
About Electronic Arts
(
Free Report)
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.
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