Ascent Group LLC Acquires 2,107 Shares of Electronic Arts Inc. (NASDAQ:EA)

Ascent Group LLC increased its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,228 shares of the game software company's stock after acquiring an additional 2,107 shares during the period. Ascent Group LLC's holdings in Electronic Arts were worth $2,667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Los Angeles Capital Management LLC grew its position in Electronic Arts by 353.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock valued at $185,692,000 after acquiring an additional 989,319 shares during the last quarter. FMR LLC grew its position in Electronic Arts by 224.8% in the fourth quarter. FMR LLC now owns 1,207,854 shares of the game software company's stock valued at $176,709,000 after acquiring an additional 835,985 shares during the last quarter. Royal Bank of Canada grew its position in Electronic Arts by 130.0% in the fourth quarter. Royal Bank of Canada now owns 1,201,353 shares of the game software company's stock valued at $175,758,000 after acquiring an additional 679,032 shares during the last quarter. Norges Bank bought a new position in Electronic Arts in the fourth quarter valued at about $96,698,000. Finally, Capital International Investors grew its position in Electronic Arts by 5.2% in the fourth quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock valued at $1,778,553,000 after acquiring an additional 605,796 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EA. TD Cowen lifted their price target on Electronic Arts from $160.00 to $172.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. BMO Capital Markets cut their price target on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Argus set a $170.00 price target on Electronic Arts in a research note on Friday, May 16th. Wedbush lifted their price target on Electronic Arts from $179.00 to $210.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen lowered Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $161.29.

Electronic Arts Stock Down 0.0%

Electronic Arts stock traded down $0.03 during midday trading on Wednesday, reaching $146.88. The stock had a trading volume of 2,279,535 shares, compared to its average volume of 2,730,854. The company has a market capitalization of $36.83 billion, a P/E ratio of 37.37, a PEG 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 company has a fifty day moving average price of $145.66 and a two-hundred day moving average price of $144.70. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts's payout ratio is currently 17.92%.

Insider Buying and Selling at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $155.57, for a total transaction of $388,925.00. Following the transaction, the insider now owns 40,189 shares of the company's stock, valued at $6,252,202.73. The trade was a 5.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total value of $712,500.00. Following the transaction, the chief executive officer now directly owns 32,615 shares in the company, valued at approximately $4,647,637.50. The trade was a 13.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,729 shares of company stock worth $4,107,664. 0.22% of the stock is owned by corporate insiders.

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.