Czech National Bank Purchases 2,723 Shares of Electronic Arts Inc. (NASDAQ:EA)

Czech National Bank lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,472 shares of the game software company's stock after purchasing an additional 2,723 shares during the quarter. Czech National Bank's holdings in Electronic Arts were worth $7,872,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings 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 worth $500,000 after purchasing an additional 294 shares in the last quarter. Caprock Group LLC grew its holdings in shares of Electronic Arts by 15.9% during the fourth quarter. Caprock Group LLC now owns 6,178 shares of the game software company's stock worth $904,000 after purchasing an additional 847 shares during the last quarter. Spire Wealth Management increased its stake in shares of Electronic Arts by 881.0% in the fourth quarter. Spire Wealth Management now owns 2,070 shares of the game software company's stock valued at $303,000 after buying an additional 1,859 shares during the period. Catalina Capital Group LLC acquired a new position in shares of Electronic Arts in the fourth quarter valued at approximately $218,000. Finally, Resonant Capital Advisors LLC raised its holdings in Electronic Arts by 3.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 15,970 shares of the game software company's stock valued at $2,336,000 after buying an additional 488 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EA has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Citigroup reissued a "neutral" rating and issued a $153.00 price objective (up previously from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. HSBC raised Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research report on Wednesday, May 7th. DA Davidson started coverage on Electronic Arts in a report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 target price on the stock. Finally, Wedbush increased their price target on Electronic Arts from $179.00 to $210.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Electronic Arts has an average rating of "Hold" and a consensus target price of $161.88.

Electronic Arts Stock Down 0.4%

NASDAQ:EA traded down $0.58 on Thursday, hitting $147.88. The stock had a trading volume of 2,609,092 shares, compared to its average volume of 2,746,449. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The business's fifty day moving average is $145.77 and its 200 day moving average is $144.14. The company has a market cap of $37.08 billion, a PE ratio of 37.63, a P/E/G ratio of 3.58 and a beta of 0.74.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Wednesday, May 28th. Electronic Arts's dividend payout ratio is currently 17.92%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the sale, the insider now directly owns 26,216 shares of the company's stock, valued at approximately $3,801,320. The trade was a 3.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total value of $712,500.00. Following the completion of the transaction, the chief executive officer now owns 32,615 shares in the company, valued at $4,647,637.50. This represents a 13.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,729 shares of company stock valued at $4,107,664. 0.22% of the stock is owned by company insiders.

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.