Ieq Capital LLC Has $1.14 Million Stake in Electronic Arts Inc. $EA

Key Points

• Ieq Capital LLC increased its stake in Electronic Arts by 266.5% during the first quarter, owning a total of 7,912 shares valued at $1.14 million.
• Institutional investors own 90.23% of Electronic Arts, with notable increases from firms like Ameriprise Financial, Goldman Sachs, and ING Groep, indicating strong support for the company's stock.
• Research analysts have raised their price targets for Electronic Arts, with Goldman Sachs increasing its target from $135 to $155, while Oppenheimer set a target of $185, reflecting positive market sentiment.

Ieq Capital LLC increased its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 266.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,912 shares of the game software company's stock after buying an additional 5,753 shares during the quarter. Ieq Capital LLC's holdings in Electronic Arts were worth $1,143,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EA. Ameriprise Financial Inc. lifted its holdings in shares of Electronic Arts by 197.5% in the first quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company's stock valued at $421,524,000 after buying an additional 1,936,313 shares during the period. Nuveen LLC acquired a new stake in shares of Electronic Arts during the first quarter worth $203,537,000. Goldman Sachs Group Inc. raised its position in shares of Electronic Arts by 62.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock worth $470,197,000 after purchasing an additional 1,254,194 shares during the period. ING Groep NV raised its position in shares of Electronic Arts by 3,477.8% during the first quarter. ING Groep NV now owns 1,163,747 shares of the game software company's stock worth $168,185,000 after purchasing an additional 1,131,220 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Electronic Arts by 300.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,454,006 shares of the game software company's stock worth $210,134,000 after purchasing an additional 1,090,769 shares during the period. Institutional investors and hedge funds own 90.23% of the company's stock.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $171.69, for a total transaction of $429,225.00. Following the transaction, the insider owned 55,592 shares of the company's stock, valued at $9,544,590.48. The trade was a 4.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $171.06, for a total value of $171,060.00. Following the transaction, the chief financial officer directly owned 15,140 shares in the company, valued at approximately $2,589,848.40. This trade represents a 6.20% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,900 shares of company stock worth $4,778,597. 0.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EA shares. Bank of America boosted their target price on Electronic Arts from $166.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Arete Research set a $192.00 target price on Electronic Arts in a research report on Tuesday, August 5th. Wall Street Zen lowered Electronic Arts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Wells Fargo & Company set a $168.00 target price on Electronic Arts and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, UBS Group set a $167.00 price target on Electronic Arts and gave the company a "neutral" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $167.12.

Electronic Arts Trading Up 0.4%

Shares of NASDAQ:EA traded up $0.59 during midday trading on Friday, hitting $168.62. The company had a trading volume of 2,205,511 shares, compared to its average volume of 2,839,614. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $180.90. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The stock has a market cap of $42.19 billion, a price-to-earnings ratio of 42.26, a PEG ratio of 2.18 and a beta of 0.75. The firm has a fifty day simple moving average of $161.78 and a 200 day simple moving average of $150.51.

Electronic Arts Dividend Announcement

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

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.