Value Partners Investments Inc. Acquires 293,124 Shares of Electronic Arts Inc. (NASDAQ:EA)

Value Partners Investments Inc. boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 1,138.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 318,877 shares of the game software company's stock after buying an additional 293,124 shares during the period. Electronic Arts comprises 4.0% of Value Partners Investments Inc.'s investment portfolio, making the stock its 11th largest holding. Value Partners Investments Inc. owned about 0.12% of Electronic Arts worth $46,135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of EA. Putney Financial Group LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the 1st quarter valued at about $28,000. Whipplewood Advisors LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at about $32,000. LGT Financial Advisors LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at about $33,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $150.64, for a total value of $753,200.00. Following the completion of the sale, the chief executive officer now directly owns 62,393 shares of the company's stock, valued at approximately $9,398,881.52. This represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the sale, the insider now directly owns 26,216 shares of the company's stock, valued at $3,801,320. This represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,229 shares of company stock valued at $4,371,399 over the last 90 days. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Stock Performance

Electronic Arts stock traded up $0.01 during trading hours on Friday, reaching $157.74. 2,316,534 shares of the company were exchanged, compared to its average volume of 2,798,606. The firm has a market cap of $39.64 billion, a price-to-earnings ratio of 37.20, a PEG ratio of 2.14 and a beta of 0.71. 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 stock has a 50-day moving average of $149.40 and a 200 day moving average of $142.20. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.48%. Electronic Arts's payout ratio is currently 17.92%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Roth Capital upgraded Electronic Arts from a "neutral" rating to a "buy" rating and upped their target price for the company from $175.00 to $185.00 in a report on Tuesday, June 24th. JPMorgan Chase & Co. upped their target price on Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. UBS Group upped their target price on Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Wedbush upped their target price on Electronic Arts from $179.00 to $210.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Morgan Stanley upped their target price on Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Fourteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $162.80.

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.