Electronic Arts Inc. (NASDAQ:EA) Stock Holdings Raised by Lorne Steinberg Wealth Management Inc.

Lorne Steinberg Wealth Management Inc. boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 12.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,125 shares of the game software company's stock after purchasing an additional 5,475 shares during the quarter. Electronic Arts makes up approximately 2.1% of Lorne Steinberg Wealth Management Inc.'s holdings, making the stock its 17th largest position. Lorne Steinberg Wealth Management Inc.'s holdings in Electronic Arts were worth $7,100,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EA. Financial Management Professionals Inc. boosted its stake in Electronic Arts by 15.0% during the first quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock valued at $81,000 after buying an additional 73 shares in the last quarter. Whipplewood Advisors LLC grew its stake in shares of Electronic Arts by 34.2% in the 1st quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock worth $43,000 after purchasing an additional 76 shares during the last quarter. Intrust Bank NA raised its holdings in shares of Electronic Arts by 3.3% in the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock worth $362,000 after purchasing an additional 78 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Electronic Arts by 11.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock valued at $119,000 after purchasing an additional 81 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Electronic Arts by 4.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,951 shares of the game software company's stock worth $282,000 after buying an additional 84 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total transaction of $218,475.00. Following the completion of the sale, the executive vice president now owns 19,033 shares in the company, valued at approximately $2,772,156.45. This represents a 7.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the 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 approximately $4,647,637.50. This represents a 13.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,729 shares of company stock worth $4,107,664 in the last three months. 0.22% of the stock is owned by insiders.

Electronic Arts Price Performance

EA opened at $148.48 on Monday. The stock has a fifty day moving average price of $146.88 and a 200 day moving average price of $143.01. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The stock has a market cap of $37.23 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 3.58 and a beta of 0.71.

Electronic Arts Announces Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on EA. TD Cowen upped their price target on Electronic Arts from $160.00 to $172.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Roth Capital restated a "neutral" rating on shares of Electronic Arts in a report on Wednesday, May 7th. JPMorgan Chase & Co. upped their target price on Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Benchmark increased their price target on Electronic Arts from $160.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Citigroup restated a "neutral" rating and set a $153.00 price objective (up previously from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $161.88.

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.

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