Crestwood Advisors Group LLC Makes New $1.15 Million Investment in Electronic Arts Inc. (NASDAQ:EA)

Crestwood Advisors Group LLC bought a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,965 shares of the game software company's stock, valued at approximately $1,151,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wealth Alliance LLC raised its holdings in Electronic Arts by 58.6% in the 1st quarter. Wealth Alliance LLC now owns 3,341 shares of the game software company's stock worth $483,000 after acquiring an additional 1,235 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in Electronic Arts by 3.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 18,439 shares of the game software company's stock worth $2,665,000 after purchasing an additional 648 shares during the last quarter. South Dakota Investment Council grew its position in Electronic Arts by 218.2% in the 1st quarter. South Dakota Investment Council now owns 3,500 shares of the game software company's stock worth $506,000 after purchasing an additional 2,400 shares during the last quarter. Buckhead Capital Management LLC grew its position in Electronic Arts by 22.5% in the 1st quarter. Buckhead Capital Management LLC now owns 40,590 shares of the game software company's stock worth $5,866,000 after purchasing an additional 7,445 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in Electronic Arts by 104.2% in the 1st quarter. Private Advisor Group LLC now owns 2,951 shares of the game software company's stock worth $427,000 after purchasing an additional 1,506 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $159.53, for a total value of $159,530.00. Following the sale, the insider directly owned 37,131 shares in the company, valued at approximately $5,923,508.43. This trade represents a 2.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were 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 owned 28,448 shares in the company, valued at approximately $4,219,407.36. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,729 shares of company stock valued at $4,822,884. Company insiders own 0.24% of the company's stock.

Electronic Arts Stock Performance

Shares of EA traded down $1.09 during trading hours on Thursday, hitting $152.64. The company had a trading volume of 2,482,468 shares, compared to its average volume of 3,516,817. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $150.84 and a 200-day moving average of $142.70. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The firm has a market cap of $38.35 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 2.13 and a beta of 0.73.

Electronic Arts Dividend Announcement

The company also recently disclosed 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 was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. Electronic Arts's payout ratio is 17.92%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EA shares. HSBC upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research report on Wednesday, May 7th. TD Cowen lifted their target price 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. Moffett Nathanson reiterated a "neutral" rating and set a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, May 7th. Morgan Stanley lifted their price target on shares of Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group lifted their price target on shares of Electronic Arts from $135.00 to $155.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Fourteen 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. Based on data from MarketBeat, Electronic Arts currently has an average rating of "Moderate Buy" and an average target price of $162.71.

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.