Capital Analysts LLC Increases Stake in Electronic Arts Inc. $EA

Key Points

• Capital Analysts LLC has increased its stake in Electronic Arts Inc. by 10.6%, holding 25,560 shares valued at approximately $3.69 million as of the latest SEC filing.
• Analysts have set varying price targets for Electronic Arts, with recommendations ranging from a "neutral" rating at $167.00 by UBS Group to an "outperform" rating at $210.00 by Wedbush.
• The company has declared a quarterly dividend of $0.19 per share, representing a 0.4% yield, with payment scheduled for September 17th to investors of record on August 27th.

Capital Analysts LLC increased its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 10.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,560 shares of the game software company's stock after purchasing an additional 2,460 shares during the period. Capital Analysts LLC's holdings in Electronic Arts were worth $3,694,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Electronic Arts by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company's stock valued at $4,198,607,000 after purchasing an additional 150,438 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Electronic Arts by 15.6% in the 1st quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company's stock valued at $539,563,000 after purchasing an additional 504,760 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Electronic Arts by 12.4% in the 4th quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company's stock valued at $476,540,000 after purchasing an additional 360,563 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Electronic Arts by 62.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock valued at $470,197,000 after purchasing an additional 1,254,194 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Electronic Arts by 5.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,663,957 shares of the game software company's stock valued at $389,737,000 after purchasing an additional 132,703 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $152.21, for a total value of $761,050.00. Following the completion of the transaction, the chief executive officer owned 57,393 shares in the company, valued at approximately $8,735,788.53. This represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jacob J. Schatz sold 1,200 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $174.65, for a total transaction of $209,580.00. Following the sale, the executive vice president owned 27,248 shares in the company, valued at approximately $4,758,863.20. This trade represents a 4.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,200 shares of company stock valued at $3,116,350 in the last three months. Company insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

EA has been the subject of several analyst reports. UBS Group set a $167.00 price target on shares of Electronic Arts and gave the company a "neutral" rating in a research report on Friday, August 1st. Wedbush reissued an "outperform" rating and issued a $210.00 price target on shares of Electronic Arts in a report on Tuesday, July 22nd. DA Davidson raised their price target on shares of Electronic Arts from $150.00 to $160.00 and gave the stock a "neutral" rating in a report on Monday, August 11th. Argus set a $170.00 price target on shares of Electronic Arts in a report on Friday, May 16th. Finally, Wall Street Zen lowered shares of Electronic Arts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $167.12.

Electronic Arts Stock Performance

Shares of EA opened at $171.33 on Thursday. The company has a 50-day simple moving average of $157.52 and a two-hundred day simple moving average of $146.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $42.87 billion, a PE ratio of 42.94, a price-to-earnings-growth ratio of 2.20 and a beta of 0.72. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $180.90.

Electronic Arts Announces Dividend

The company 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 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 27th. Electronic Arts's dividend payout ratio is presently 19.05%.

About Electronic Arts

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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