Silvercrest Asset Management Group LLC Purchases 94,295 Shares of Electronic Arts Inc. (NASDAQ:EA)

Silvercrest Asset Management Group LLC boosted its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 1,264.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,750 shares of the game software company's stock after purchasing an additional 94,295 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Electronic Arts were worth $14,886,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Intrust Bank NA grew its stake in shares of Electronic Arts by 3.3% in the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock valued at $362,000 after buying an additional 78 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Electronic Arts by 11.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock worth $119,000 after acquiring an additional 81 shares in the last quarter. Ballentine Partners LLC grew its stake in Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock valued at $550,000 after acquiring an additional 82 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of Electronic Arts by 5.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 1,701 shares of the game software company's stock valued at $249,000 after acquiring an additional 90 shares in the last quarter. Finally, CX Institutional raised its position in shares of Electronic Arts by 3.9% during the fourth quarter. CX Institutional now owns 2,422 shares of the game software company's stock worth $354,000 after purchasing an additional 91 shares during the period. Institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Performance

EA stock traded up $1.15 during mid-day trading on Friday, hitting $147.78. The company had a trading volume of 564,270 shares, compared to its average volume of 2,725,694. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $37.06 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The stock's fifty day moving average price is $145.39 and its two-hundred day moving average price is $145.02.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.51%. The ex-dividend date is Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is currently 17.92%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EA shares. HSBC raised shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Wednesday, May 7th. Ascendiant Capital Markets boosted their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. BNP Paribas lowered shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price on the stock. in a report on Monday, January 27th. Raymond James downgraded Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. Finally, Wall Street Zen lowered Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Fifteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $161.29.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 2,666 shares of Electronic Arts stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $150.93, for a total value of $402,379.38. Following the completion of the transaction, the chief executive officer now directly owns 67,393 shares in the company, valued at approximately $10,171,625.49. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the sale, the insider now directly owns 26,216 shares in the company, valued at $3,801,320. This trade represents a 3.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,729 shares of company stock worth $4,107,664. Company insiders own 0.22% of the company's stock.

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.