Electronic Arts Inc. $EA Position Boosted by WBI Investments LLC

Key Points

• WBI Investments LLC boosted its holdings in Electronic Arts Inc. by 560.1% during the first quarter, now owning 14,607 shares valued at $2,111,000.
• Corporate insiders, including Vijayanthimala Singh and Laura Miele, sold shares, resulting in a 3.23% and 4.13% decrease in their ownership, respectively.
• Electronic Arts announced a quarterly dividend of $0.19 per share, with a 0.4% yield, to be paid on September 17th to shareholders of record as of August 27th.

WBI Investments LLC increased its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 560.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,607 shares of the game software company's stock after buying an additional 12,394 shares during the quarter. WBI Investments LLC's holdings in Electronic Arts were worth $2,111,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nomura Holdings Inc. grew its holdings in Electronic Arts by 11.7% in the 4th quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company's stock worth $4,566,000 after buying an additional 3,259 shares in the last quarter. CCM Investment Group LLC bought a new position in Electronic Arts in the 1st quarter worth approximately $1,625,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Electronic Arts by 2.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company's stock valued at $94,456,000 after purchasing an additional 13,461 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its stake in Electronic Arts by 5.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 105,892 shares of the game software company's stock valued at $15,300,000 after purchasing an additional 5,275 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Electronic Arts by 4.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 162,571 shares of the game software company's stock valued at $23,495,000 after purchasing an additional 6,835 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $172.26, for a total value of $206,712.00. Following the sale, the insider directly owned 35,931 shares of the company's stock, valued at approximately $6,189,474.06. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $155.49, for a total value of $388,725.00. Following the completion of the sale, the insider directly owned 58,092 shares in the company, valued at approximately $9,032,725.08. This represents a 4.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,900 shares of company stock valued at $4,778,597. Corporate insiders own 0.24% of the company's stock.

Electronic Arts Trading Up 2.5%

Electronic Arts stock opened at $170.27 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $42.60 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 2.14 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. The company's fifty day moving average price is $162.35 and its two-hundred day moving average price is $151.15.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 27th. Electronic Arts's dividend payout ratio is presently 19.05%.

Analyst Ratings Changes

EA has been the subject of a number of research reports. Wells Fargo & Company set a $168.00 price target on Electronic Arts and gave the company an "equal weight" rating in a research note on Monday, July 28th. Robert W. Baird increased their price target on Electronic Arts from $168.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Roth Capital raised Electronic Arts from a "neutral" rating to a "buy" rating and increased their price target for the company from $175.00 to $185.00 in a research note on Tuesday, June 24th. Wedbush reaffirmed an "outperform" rating and set a $210.00 price target on shares of Electronic Arts in a research note on Monday, August 25th. Finally, Arete Research set a $192.00 price target on Electronic Arts in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $167.12.

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.

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