DSG Capital Advisors LLC Invests $677,000 in Electronic Arts Inc. (NASDAQ:EA)

DSG Capital Advisors LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,625 shares of the game software company's stock, valued at approximately $677,000.

A number of other large investors have also recently modified their holdings of EA. Putney Financial Group LLC acquired a new position in shares of Electronic Arts during the fourth quarter worth $26,000. Whipplewood Advisors LLC acquired a new position in shares of Electronic Arts during the fourth quarter worth $32,000. LGT Financial Advisors LLC acquired a new position in shares of Electronic Arts during the fourth quarter worth $33,000. Millstone Evans Group LLC acquired a new position in shares of Electronic Arts during the fourth quarter worth $37,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Electronic Arts during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on EA shares. The Goldman Sachs Group upped their target price on Electronic Arts from $135.00 to $155.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Hsbc Global Res raised Electronic Arts from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Robert W. Baird set a $168.00 target price on Electronic Arts in a research report on Wednesday, May 7th. Roth Capital reissued a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, May 7th. Finally, Bank of America upped their target price on Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Fifteen investment 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. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $161.88.

Insider Transactions at Electronic Arts

In other Electronic Arts news, 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 of the company's stock, valued at $4,647,637.50. This trade represents a 13.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the transaction, the insider now directly owns 26,216 shares of the company's stock, valued at $3,801,320. This represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,729 shares of company stock worth $4,107,664 in the last 90 days. Insiders own 0.22% of the company's stock.

Electronic Arts Trading Up 0.3%

Shares of NASDAQ EA traded up $0.38 during midday trading on Friday, reaching $143.22. 5,544,453 shares of the stock were exchanged, compared to its average volume of 2,746,662. The company has a 50 day simple moving average of $145.68 and a 200 day simple moving average of $144.60. The stock has a market capitalization of $35.91 billion, a P/E ratio of 36.44, a PEG ratio of 3.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts's dividend payout ratio is currently 17.92%.

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.