Vise Technologies Inc. Makes New $370,000 Investment in Electronic Arts Inc. (NASDAQ:EA)

Vise Technologies Inc. bought a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,529 shares of the game software company's stock, valued at approximately $370,000.

A number of other hedge funds have also bought and sold shares of the business. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts during the 4th quarter valued at about $32,000. LGT Financial Advisors LLC purchased a new stake in shares of Electronic Arts during the 4th quarter valued at about $33,000. Millstone Evans Group LLC purchased a new stake in shares of Electronic Arts during the 4th quarter valued at about $37,000. SBI Securities Co. Ltd. purchased a new stake in shares of Electronic Arts during the 4th quarter valued at about $41,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Electronic Arts during the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insiders Place Their Bets

In related news, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $151.32, for a total transaction of $151,320.00. Following the sale, the chief financial officer now owns 14,533 shares in the company, valued at approximately $2,199,133.56. This represents a 6.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 2,666 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $150.93, for a total value of $402,379.38. Following the sale, the chief executive officer now owns 67,393 shares in the company, valued at $10,171,625.49. The trade was a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,729 shares of company stock worth $4,107,664 in the last three months. 0.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EA shares. UBS Group upped their price target on shares of Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating 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 company a "buy" rating in a research report on Wednesday, May 7th. Wall Street Zen lowered shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. upped their price target on shares of Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, DA Davidson began coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 target price for the company. Fifteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $161.88.

Electronic Arts Price Performance

EA stock 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. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $35.91 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The company has a 50 day moving average of $145.65 and a two-hundred day moving average of $144.34.

Electronic Arts Dividend Announcement

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