Electronic Arts Inc. (NASDAQ:EA) Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 38.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,078 shares of the game software company's stock after purchasing an additional 2,532 shares during the period. TD Private Client Wealth LLC's holdings in Electronic Arts were worth $1,312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EA. Assenagon Asset Management S.A. lifted its holdings in Electronic Arts by 689.3% in the first quarter. Assenagon Asset Management S.A. now owns 1,238,496 shares of the game software company's stock valued at $178,987,000 after acquiring an additional 1,081,589 shares during the last quarter. FMR LLC raised 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 purchasing an additional 835,985 shares during the period. Royal Bank of Canada raised 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 purchasing an additional 679,032 shares during the period. GAMMA Investing LLC raised its position in Electronic Arts by 11,587.9% in the first quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company's stock valued at $96,737,000 after purchasing an additional 663,640 shares during the period. Finally, Norges Bank purchased a new stake in Electronic Arts in the fourth quarter valued at approximately $96,698,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on EA shares. Benchmark boosted their target price on Electronic Arts from $160.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Roth Capital raised Electronic Arts from a "neutral" rating to a "buy" rating and boosted their target price for the company from $175.00 to $185.00 in a research report on Tuesday, June 24th. Citigroup reissued a "neutral" rating and issued a $153.00 target price (up previously from $139.00) on shares of Electronic Arts in a research report on Thursday, May 29th. The Goldman Sachs Group boosted their target price on Electronic Arts from $135.00 to $155.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their price objective on Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Fourteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $162.80.

Insider Buying and Selling at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $159.50, for a total transaction of $398,750.00. Following the completion of the transaction, the insider directly owned 60,592 shares of the company's stock, valued at $9,664,424. This represents a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $151.32, for a total transaction of $151,320.00. Following the transaction, the chief financial officer directly owned 14,533 shares of the company's stock, valued at $2,199,133.56. This represents a 6.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,729 shares of company stock valued at $4,784,679. Corporate insiders own 0.24% of the company's stock.

Electronic Arts Stock Performance

NASDAQ EA traded up $0.04 during trading hours on Wednesday, hitting $152.68. The company had a trading volume of 1,845,072 shares, compared to its average volume of 2,816,659. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a market cap of $38.36 billion, a PE ratio of 36.01, a price-to-earnings-growth ratio of 2.08 and a beta of 0.73. The business has a 50 day moving average of $150.91 and a 200-day moving average of $142.45.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. Electronic Arts's dividend payout ratio (DPR) is 17.92%.

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.