Buckhead Capital Management LLC Has $5.87 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Buckhead Capital Management LLC increased its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 22.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,590 shares of the game software company's stock after purchasing an additional 7,445 shares during the quarter. Electronic Arts accounts for 1.9% of Buckhead Capital Management LLC's investment portfolio, making the stock its 16th largest position. Buckhead Capital Management LLC's holdings in Electronic Arts were worth $5,866,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC grew its stake in Electronic Arts by 9.4% in the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock valued at $500,000 after acquiring an additional 294 shares during the last quarter. Parallel Advisors LLC grew its stake in Electronic Arts by 6.1% in the 4th quarter. Parallel Advisors LLC now owns 4,774 shares of the game software company's stock valued at $698,000 after acquiring an additional 273 shares during the last quarter. Royal London Asset Management Ltd. grew its stake in Electronic Arts by 6.1% in the 4th quarter. Royal London Asset Management Ltd. now owns 116,824 shares of the game software company's stock valued at $17,091,000 after acquiring an additional 6,706 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in Electronic Arts in the 4th quarter valued at about $37,000. Finally, Virtu Financial LLC acquired a new stake in Electronic Arts in the 4th quarter valued at about $658,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a research note 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 note on Thursday, May 29th. 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 research note on Wednesday, May 7th. JPMorgan Chase & Co. raised their price target on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, Wedbush raised shares of Electronic Arts to a "strong-buy" rating in a research note on Tuesday, July 1st. Fourteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.71.

Insider Activity

In other news, insider Laura Miele sold 2,500 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $159.50, for a total transaction of $398,750.00. Following the completion of the transaction, the insider owned 60,592 shares in the company, valued at approximately $9,664,424. This represents a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $148.32, for a total transaction of $222,480.00. Following the completion of the sale, the executive vice president directly owned 28,448 shares of the company's stock, valued at $4,219,407.36. The trade was a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,729 shares of company stock valued at $4,788,684 over the last quarter. 0.24% of the stock is owned by company insiders.

Electronic Arts Stock Up 0.2%

EA traded up $0.28 during trading on Friday, hitting $150.11. The company had a trading volume of 3,850,753 shares, compared to its average volume of 2,810,885. The company has a market cap of $37.72 billion, a PE ratio of 35.40, a P/E/G ratio of 2.04 and a beta of 0.73. The business has a 50-day moving average of $150.60 and a 200-day moving average of $142.58. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts's payout ratio is 17.92%.

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.