Edgestream Partners L.P. Buys 29,845 Shares of Electronic Arts Inc. (NASDAQ:EA)

Edgestream Partners L.P. increased its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 342.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,562 shares of the game software company's stock after buying an additional 29,845 shares during the quarter. Edgestream Partners L.P.'s holdings in Electronic Arts were worth $5,573,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. lifted its holdings in shares of Electronic Arts by 15.0% during the first quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock valued at $81,000 after purchasing an additional 73 shares during the last quarter. Whipplewood Advisors LLC lifted its stake in Electronic Arts by 34.2% in the 1st quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock worth $43,000 after acquiring an additional 76 shares in the last quarter. Clarius Group LLC lifted its stake in Electronic Arts by 3.6% in the 1st quarter. Clarius Group LLC now owns 2,204 shares of the game software company's stock worth $319,000 after acquiring an additional 77 shares in the last quarter. Intrust Bank NA lifted its stake in Electronic Arts by 3.3% in the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock worth $362,000 after acquiring an additional 78 shares in the last quarter. Finally, Conning Inc. lifted its stake in Electronic Arts by 4.7% in the 1st quarter. Conning Inc. now owns 1,749 shares of the game software company's stock worth $253,000 after acquiring an additional 78 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Stock Performance

NASDAQ:EA traded up $0.48 on Thursday, hitting $149.83. The company's stock had a trading volume of 1,828,403 shares, compared to its average volume of 2,811,833. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average of $150.78 and a two-hundred day moving average of $142.55. The firm has a market capitalization of $37.65 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 2.02 and a beta of 0.73. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. Electronic Arts's dividend payout ratio (DPR) is currently 17.92%.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 6,563 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $151.18, for a total transaction of $992,194.34. Following the sale, the chief executive officer owned 70,059 shares of the company's stock, valued at $10,591,519.62. This represents a 8.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $159.50, for a total value of $398,750.00. Following the completion of the sale, the insider directly owned 60,592 shares in the company, valued at approximately $9,664,424. This represents a 3.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,729 shares of company stock worth $4,788,684 in the last ninety days. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Morgan Stanley raised their price target on Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Moffett Nathanson reaffirmed a "neutral" rating and issued a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, May 7th. HSBC raised Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a research report on Wednesday, May 7th. UBS Group lifted their price target on Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their price target on Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Fourteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.71.

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.