TD Private Client Wealth LLC Purchases 2,532 Shares of Electronic Arts Inc. (NASDAQ:EA)

TD Private Client Wealth LLC raised its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 38.7% during the 1st quarter, according to the company in its most recent disclosure 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EA. Putney Financial Group LLC acquired a new position in shares of Electronic Arts in the fourth quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts in the first quarter valued at about $28,000. LGT Financial Advisors LLC acquired a new position in shares of Electronic Arts in the fourth quarter valued at about $33,000. Millstone Evans Group LLC acquired a new position in shares of Electronic Arts in the fourth quarter valued at about $37,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Electronic Arts in the first quarter valued at about $39,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Down 0.9%

EA stock traded down $1.38 during midday trading on Thursday, reaching $151.30. 1,613,055 shares of the company's stock traded hands, compared to its average volume of 2,815,694. The company has a market cap of $38.02 billion, a price-to-earnings ratio of 35.68, a P/E/G ratio of 2.07 and a beta of 0.73. The firm's fifty day moving average price is $151.19 and its 200-day moving average price is $142.55. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Hsbc Global Res raised shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Benchmark upped their price objective on shares of Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Robert W. Baird set a $168.00 price objective on shares of Electronic Arts in a research report on Wednesday, May 7th. Oppenheimer increased their target price on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Moffett Nathanson reissued a "neutral" rating and issued a $163.00 target price on shares of Electronic Arts in a report on Wednesday, May 7th. Fourteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $162.80.

Insider Transactions at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $148.69, for a total transaction of $223,035.00. Following the completion of the transaction, the executive vice president owned 29,948 shares in the company, valued at approximately $4,452,968.12. This represents a 4.77% 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 link. Also, 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 transaction, the insider owned 60,592 shares of the company's stock, valued at approximately $9,664,424. The trade was a 3.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,729 shares of company stock worth $4,784,679. 0.24% of the stock is owned by insiders.

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.