Blair William & Co. IL Has $2.02 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Key Points

• Blair William & Co. IL increased its stake in Electronic Arts Inc. by 25.7%, acquiring an additional 2,855 shares during the 1st quarter, bringing their total holdings to 13,971 shares valued at approximately $2,019,000.
• Multiple research firms have issued updated ratings and price targets for Electronic Arts, with HSBC upgrading the stock to a "buy" rating and setting a target price of $190.00.
• Electronic Arts recently declared a quarterly dividend of $0.19 per share, which will be paid on September 17th, reflecting a 0.5% dividend yield.

Blair William & Co. IL grew its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 25.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,971 shares of the game software company's stock after purchasing an additional 2,855 shares during the quarter. Blair William & Co. IL's holdings in Electronic Arts were worth $2,019,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EA. Putney Financial Group LLC bought a new stake in Electronic Arts in the 4th quarter valued at $26,000. Opal Wealth Advisors LLC bought a new stake in Electronic Arts in the 1st quarter valued at $28,000. Bank of Jackson Hole Trust increased its holdings in Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after buying an additional 75 shares during the period. LGT Financial Advisors LLC bought a new stake in Electronic Arts in the 4th quarter valued at $33,000. Finally, Wayfinding Financial LLC bought a new stake in Electronic Arts in the 1st quarter valued at $39,000. Institutional investors own 90.23% of the company's stock.

Electronic Arts Price Performance

EA stock traded up $1.80 during midday trading on Tuesday, reaching $177.91. The company had a trading volume of 3,724,109 shares, compared to its average volume of 3,526,997. The company has a market capitalization of $44.51 billion, a price-to-earnings ratio of 44.59, a price-to-earnings-growth ratio of 2.16 and a beta of 0.72. The stock has a 50 day moving average price of $153.77 and a 200-day moving average price of $144.56. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $178.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 27th. Electronic Arts's payout ratio is 19.05%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EA. Robert W. Baird upped their price target on shares of Electronic Arts from $168.00 to $170.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Bank of America upped their price target on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. DA Davidson upped their target price on shares of Electronic Arts from $150.00 to $160.00 and gave the company a "neutral" rating in a research report on Monday. Roth Capital upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and upped their target price for the company from $175.00 to $185.00 in a research report on Tuesday, June 24th. Finally, UBS Group set a $167.00 target price on shares of Electronic Arts and gave the company a "neutral" rating in a research report on Friday, August 1st. Sixteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $167.12.

Insider Buying and Selling

In related news, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $149.64, for a total value of $224,460.00. Following the completion of the transaction, the executive vice president owned 17,533 shares of the company's stock, valued at $2,623,638.12. The trade was a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $159.53, for a total value of $159,530.00. Following the completion of the transaction, the insider directly owned 37,131 shares of the company's stock, valued at approximately $5,923,508.43. This trade represents a 2.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,729 shares of company stock worth $4,677,124 in the last ninety days. 0.24% of the stock is owned by company 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.