Electronic Arts Inc. (NASDAQ:EA) Position Boosted by Keybank National Association OH

Keybank National Association OH lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 203.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,796 shares of the game software company's stock after acquiring an additional 5,893 shares during the period. Keybank National Association OH's holdings in Electronic Arts were worth $1,271,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Putney Financial Group LLC acquired a new position in Electronic Arts in the fourth quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new stake in Electronic Arts during the first quarter worth about $28,000. LGT Financial Advisors LLC purchased a new stake in Electronic Arts during the 4th quarter worth about $33,000. Millstone Evans Group LLC purchased a new position in shares of Electronic Arts in the 4th quarter valued at about $37,000. Finally, American National Bank & Trust acquired a new position in shares of Electronic Arts during the first quarter worth about $40,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Robert W. Baird set a $168.00 price target on Electronic Arts in a report on Wednesday, May 7th. Morgan Stanley raised their price objective on shares of Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Wedbush upgraded shares of Electronic Arts to a "strong-buy" rating in a research report on Tuesday, July 1st. 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 note on Tuesday, June 24th. Finally, Hsbc Global Res upgraded Electronic Arts from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Fourteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $162.80.

Insiders Place Their Bets

In related news, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $151.32, for a total value of $151,320.00. Following the transaction, the chief financial officer directly owned 14,533 shares in the company, valued at $2,199,133.56. The trade was a 6.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Laura Miele sold 2,500 shares of the company'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 sale, the insider directly owned 60,592 shares of the company's stock, valued at approximately $9,664,424. This represents a 3.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,729 shares of company stock valued at $4,784,679. 0.24% of the stock is currently owned by insiders.

Electronic Arts Stock Performance

EA traded down $0.52 during trading on Monday, reaching $154.85. 342,251 shares of the company were exchanged, compared to its average volume of 3,619,461. The stock has a market cap of $38.91 billion, a P/E ratio of 36.52, a PEG ratio of 2.11 and a beta of 0.73. 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 firm has a 50 day moving average of $150.64 and a 200 day moving average of $142.34. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Wednesday, May 28th. Electronic Arts's dividend payout ratio is presently 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.