TD Private Client Wealth LLC Has $1.31 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

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

A number of other hedge funds have also recently bought and sold shares of the business. Nomura Holdings Inc. grew its position in shares of Electronic Arts by 11.7% in the 4th quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company's stock worth $4,566,000 after acquiring an additional 3,259 shares in the last quarter. Huntington National Bank grew its position in shares of Electronic Arts by 31.4% in the 4th quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock worth $49,577,000 after acquiring an additional 80,968 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Electronic Arts by 2.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company's stock worth $94,456,000 after acquiring an additional 13,461 shares in the last quarter. GAMMA Investing LLC boosted its position in Electronic Arts by 11,587.9% during the 1st 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, Wealth Enhancement Advisory Services LLC boosted its position in Electronic Arts by 45.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,397 shares of the game software company's stock valued at $2,370,000 after purchasing an additional 5,130 shares during the period. Institutional investors and hedge funds own 90.23% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on EA. Benchmark lifted their target price on 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 target price for the company from $175.00 to $185.00 in a research note on Tuesday, June 24th. Oppenheimer lifted their target price on Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. TD Cowen boosted their price objective on Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Finally, Hsbc Global Res raised Electronic Arts from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Fourteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned 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 $162.71.

Electronic Arts Price Performance

NASDAQ EA traded down $2.61 during trading hours on Friday, reaching $148.69. 1,840,332 shares of the company's stock were exchanged, compared to its average volume of 2,813,522. The stock has a market cap of $37.36 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 2.05 and a beta of 0.73. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The firm has a fifty day moving average of $151.14 and a 200-day moving average of $142.55. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is currently 17.92%.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $159.53, for a total transaction of $159,530.00. Following the sale, the insider owned 37,131 shares of the company's stock, valued at approximately $5,923,508.43. This trade represents a 2.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total value of $218,475.00. Following the sale, the executive vice president directly owned 19,033 shares in the company, valued at $2,772,156.45. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,729 shares of company stock worth $4,784,679. Company insiders own 0.24% of the company's stock.

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.