Waverly Advisors LLC Grows Position in Electronic Arts Inc. (NASDAQ:EA)

Waverly Advisors LLC grew its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 30.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,912 shares of the game software company's stock after purchasing an additional 11,987 shares during the quarter. Waverly Advisors LLC's holdings in Electronic Arts were worth $7,448,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wesleyan Assurance Society purchased a new position in shares of Electronic Arts in the 4th quarter valued at approximately $4,755,000. Vident Advisory LLC grew its holdings in shares of Electronic Arts by 2.6% during the fourth quarter. Vident Advisory LLC now owns 29,341 shares of the game software company's stock valued at $4,293,000 after buying an additional 749 shares during the last quarter. Virtus Investment Advisers Inc. raised its stake in Electronic Arts by 87.4% in the 4th quarter. Virtus Investment Advisers Inc. now owns 1,630 shares of the game software company's stock worth $238,000 after acquiring an additional 760 shares during the last quarter. Triglav Skladi D.O.O. acquired a new stake in Electronic Arts during the 4th quarter worth about $6,751,000. Finally, Twinbeech Capital LP grew its stake in Electronic Arts by 161.2% during the 4th quarter. Twinbeech Capital LP now owns 165,013 shares of the game software company's stock valued at $24,141,000 after purchasing an additional 101,844 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on EA. JPMorgan Chase & Co. upped their price objective on shares of Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Argus set a $170.00 price target on shares of Electronic Arts in a report on Friday, May 16th. Wall Street Zen lowered Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. Bank of America boosted their price objective on Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Finally, Oppenheimer raised their target price on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Fifteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Electronic Arts has a consensus rating of "Hold" and a consensus target price of $161.29.

Electronic Arts Price Performance

Shares of NASDAQ:EA traded up $0.26 during trading on Monday, reaching $146.89. The stock had a trading volume of 2,108,703 shares, compared to its average volume of 2,731,370. The business has a fifty day moving average price of $145.49 and a 200-day moving average price of $144.76. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $36.84 billion, a PE ratio of 37.38, a PEG ratio of 3.58 and a beta of 0.74.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, May 28th. Electronic Arts's payout ratio is 17.92%.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction dated 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 $4,647,637.50. The trade was a 13.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $151.32, for a total value of $151,320.00. Following the sale, the chief financial officer now directly owns 14,533 shares of the company's stock, valued at $2,199,133.56. The trade was a 6.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,729 shares of company stock worth $4,107,664 over the last three months. Insiders own 0.22% 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.