Keybank National Association OH Increases Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Keybank National Association OH increased its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 203.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,796 shares of the game software company's stock after purchasing 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 and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock worth $500,000 after acquiring an additional 294 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Electronic Arts by 155.9% during the 4th quarter. Jones Financial Companies Lllp now owns 2,741 shares of the game software company's stock worth $401,000 after buying an additional 1,670 shares during the period. SBI Securities Co. Ltd. acquired a new position in Electronic Arts during the 4th quarter worth approximately $41,000. Steward Partners Investment Advisory LLC raised its stake in shares of Electronic Arts by 5.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,944 shares of the game software company's stock worth $284,000 after purchasing an additional 92 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Electronic Arts by 6.3% during the fourth quarter. Victory Capital Management Inc. now owns 245,911 shares of the game software company's stock valued at $35,977,000 after buying an additional 14,480 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Citigroup reaffirmed a "neutral" rating and set a $153.00 target price (up previously from $139.00) on shares of Electronic Arts in a research report on Thursday, May 29th. Roth Capital raised Electronic Arts from a "neutral" rating to a "buy" rating and raised their price target for the stock from $175.00 to $185.00 in a report on Tuesday, June 24th. Robert W. Baird set a $168.00 target price on Electronic Arts in a research note on Wednesday, May 7th. HSBC upgraded Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price objective on the stock in a research report on Wednesday, May 7th. Finally, Morgan Stanley raised their price target on Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Fourteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.80.

Electronic Arts Stock Down 0.2%

EA traded down $0.33 on Tuesday, hitting $153.20. The company had a trading volume of 456,616 shares, compared to its average volume of 2,810,862. The stock has a fifty day simple moving average of $150.78 and a 200-day simple moving average of $142.38. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The firm has a market capitalization of $38.49 billion, a P/E ratio of 36.13, a P/E/G ratio of 2.11 and a beta of 0.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. Electronic Arts's payout ratio is 17.92%.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $145.56, for a total value of $145,560.00. Following the completion of the sale, the insider owned 25,216 shares of the company's stock, valued at approximately $3,670,440.96. The trade was a 3.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 6,563 shares of Electronic Arts 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 completion of the sale, the chief executive officer directly owned 70,059 shares of the company's stock, valued at approximately $10,591,519.62. This trade represents a 8.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,729 shares of company stock valued at $4,784,679 in the last quarter. Insiders own 0.24% of the company's stock.

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.