4,898 Shares in Electronic Arts Inc. $EA Bought by DRW Securities LLC

Key Points

• DRW Securities LLC has acquired a new stake in Electronic Arts Inc. with the purchase of 4,898 shares valued at approximately $706,000, as reported in their recent SEC filing.
• Electronic Arts has announced a quarterly dividend of $0.19 per share payable on September 17th, representing a 0.4% yield with a payout ratio of 19.05%.
• Analysts show positive sentiment towards Electronic Arts, with upgraded ratings and price targets; notably, HSBC upgraded the stock from a "hold" to a "buy" with a target of $190.00.

DRW Securities LLC bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 4,898 shares of the game software company's stock, valued at approximately $706,000.

A number of other hedge funds have also made changes to their positions in EA. Brighton Jones LLC lifted its position in Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock worth $500,000 after buying an additional 294 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Electronic Arts by 4.0% during the 4th quarter. Integrated Wealth Concepts LLC now owns 2,949 shares of the game software company's stock worth $432,000 after buying an additional 113 shares in the last quarter. Lido Advisors LLC lifted its position in Electronic Arts by 5.4% during the 4th quarter. Lido Advisors LLC now owns 4,882 shares of the game software company's stock worth $714,000 after buying an additional 250 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Electronic Arts by 121.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 57,775 shares of the game software company's stock worth $8,452,000 after buying an additional 31,697 shares in the last quarter. Finally, Aptus Capital Advisors LLC acquired a new position in Electronic Arts during the 4th quarter worth about $226,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Wall Street Analysts Forecast Growth

EA has been the topic of several research reports. 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. Wedbush reissued an "outperform" rating and set a $210.00 price objective on shares of Electronic Arts in a report on Monday, August 25th. Roth Capital upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $175.00 to $185.00 in a research report on Tuesday, June 24th. Wells Fargo & Company set a $168.00 price target on shares of Electronic Arts and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Arete Research set a $192.00 price target on shares of Electronic Arts in a research report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.12.

Electronic Arts Stock Up 0.4%

Shares of NASDAQ EA traded up $0.59 during midday trading on Friday, hitting $168.62. 2,205,511 shares of the stock traded hands, compared to its average volume of 2,839,614. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The business has a 50 day moving average price of $161.78 and a two-hundred day moving average price of $150.36. The company has a market cap of $42.19 billion, a PE ratio of 42.26, a P/E/G ratio of 2.17 and a beta of 0.75. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $180.90.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, August 27th. Electronic Arts's dividend payout ratio (DPR) is currently 19.05%.

Insider Buying and Selling

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $155.49, for a total value of $388,725.00. Following the transaction, the insider owned 58,092 shares of the company's stock, valued at approximately $9,032,725.08. The trade was a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total value of $855,250.00. Following the completion of the transaction, the chief executive officer directly owned 52,393 shares in the company, valued at approximately $8,961,822.65. This represents a 8.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,900 shares of company stock worth $4,778,597 over the last three months. Company insiders own 0.24% of the company's stock.

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.