Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Cwm LLC

Cwm LLC boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 55.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,599 shares of the game software company's stock after buying an additional 3,442 shares during the quarter. Cwm LLC's holdings in Electronic Arts were worth $1,387,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Stephens Investment Management Group LLC grew its position in shares of Electronic Arts by 12.4% during the first quarter. Stephens Investment Management Group LLC now owns 588,108 shares of the game software company's stock worth $84,993,000 after buying an additional 64,935 shares in the last quarter. Stephens Inc. AR grew its holdings in Electronic Arts by 21.4% during the 1st quarter. Stephens Inc. AR now owns 6,477 shares of the game software company's stock worth $936,000 after acquiring an additional 1,140 shares in the last quarter. Arizona State Retirement System increased its position in shares of Electronic Arts by 2.3% in the 1st quarter. Arizona State Retirement System now owns 73,107 shares of the game software company's stock valued at $10,565,000 after purchasing an additional 1,629 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Electronic Arts by 27.1% in the 1st quarter. Ballentine Partners LLC now owns 4,780 shares of the game software company's stock valued at $691,000 after purchasing an additional 1,019 shares during the last quarter. Finally, SteelPeak Wealth LLC acquired a new stake in shares of Electronic Arts in the 1st quarter valued at $1,404,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EA. UBS Group raised their target price on Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Citigroup reiterated a "neutral" rating and issued a $153.00 price target (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. HSBC upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research report on Wednesday, May 7th. Wedbush upgraded shares of Electronic Arts to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Oppenheimer lifted their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Fourteen research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $162.71.

Electronic Arts Stock Performance

NASDAQ:EA opened at $150.11 on Monday. 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 company has a market capitalization of $37.72 billion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 2.04 and a beta of 0.73. The firm has a 50-day moving average price of $150.60 and a two-hundred day moving average price of $142.55. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. Electronic Arts's payout ratio is 17.92%.

Insider Activity

In other news, CFO Stuart Canfield sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $151.32, for a total transaction of $151,320.00. Following the completion of the sale, the chief financial officer owned 14,533 shares of the company's stock, valued at approximately $2,199,133.56. This trade represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $150.64, for a total transaction of $753,200.00. Following the sale, the chief executive officer owned 62,393 shares of the company's stock, valued at approximately $9,398,881.52. The trade was a 7.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,729 shares of company stock worth $4,788,684 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.

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