Arlington Partners LLC Increases Stake in Electronic Arts Inc. (NASDAQ:EA)

Arlington Partners LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 23.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,536 shares of the game software company's stock after purchasing an additional 6,532 shares during the quarter. Electronic Arts accounts for approximately 2.0% of Arlington Partners LLC's holdings, making the stock its 3rd biggest position. Arlington Partners LLC's holdings in Electronic Arts were worth $4,991,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Putney Financial Group LLC bought a new stake in shares of Electronic Arts during the fourth quarter valued at approximately $26,000. Opal Wealth Advisors LLC bought a new stake in Electronic Arts in the 1st quarter valued at $28,000. Whipplewood Advisors LLC bought a new stake in Electronic Arts in the 4th quarter valued at $32,000. LGT Financial Advisors LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at $33,000. Finally, Millstone Evans Group LLC bought a new position in shares of Electronic Arts during the 4th quarter worth about $37,000. 90.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $145.65, for a total value of $218,475.00. Following the completion of the sale, the executive vice president now owns 19,033 shares of the company's stock, valued at approximately $2,772,156.45. This represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the transaction, the insider now directly owns 26,216 shares in the company, valued at approximately $3,801,320. This represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,229 shares of company stock worth $4,371,399. Insiders own 0.22% of the company's stock.

Electronic Arts Trading Down 0.4%

Shares of NASDAQ:EA traded down $0.58 during trading on Thursday, hitting $157.24. 224,326 shares of the company's stock were exchanged, compared to its average volume of 2,783,500. 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 market cap of $39.43 billion, a P/E ratio of 37.08, a PEG ratio of 2.17 and a beta of 0.71. The firm has a 50-day moving average price of $148.92 and a two-hundred day moving average price of $142.60. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on EA. Benchmark upped their target price on shares of Electronic Arts from $160.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Roth Capital raised Electronic Arts from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $175.00 to $185.00 in a report on Tuesday. Morgan Stanley increased their target price on Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. boosted their price target on Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, HSBC upgraded Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research note on Wednesday, May 7th. Fourteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $162.80.

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.