Harbor Capital Advisors Inc. Takes $693,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Harbor Capital Advisors Inc. bought a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,796 shares of the game software company's stock, valued at approximately $693,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nomura Holdings Inc. lifted its stake in Electronic Arts by 11.7% during the 4th quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company's stock valued at $4,566,000 after acquiring an additional 3,259 shares during the period. Huntington National Bank raised its holdings in shares of Electronic Arts by 31.4% during the fourth quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock valued at $49,577,000 after purchasing an additional 80,968 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Electronic Arts by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock valued at $213,089,000 after purchasing an additional 36,153 shares during the last quarter. Fisher Funds Management LTD bought a new position in Electronic Arts during the fourth quarter valued at approximately $3,730,000. Finally, Amundi grew its position in Electronic Arts by 4.3% in the 4th quarter. Amundi now owns 2,990,729 shares of the game software company's stock worth $431,315,000 after purchasing an additional 122,494 shares during the period. Institutional investors own 90.23% of the company's stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares in the company, valued at $3,801,320. This trade represents a 3.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $148.69, for a total value of $223,035.00. Following the completion of the sale, the executive vice president now directly owns 29,948 shares in the company, valued at approximately $4,452,968.12. The trade was a 4.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,229 shares of company stock valued at $4,330,699 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

Shares of NASDAQ EA traded down $0.77 during mid-day trading on Tuesday, reaching $150.33. The company's stock had a trading volume of 2,241,305 shares, compared to its average volume of 2,761,772. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The stock has a fifty day moving average of $147.52 and a two-hundred day moving average of $142.97. The firm has a market capitalization of $37.70 billion, a PE ratio of 35.46, a P/E/G ratio of 2.08 and a beta of 0.71.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts's payout ratio is 17.92%.

Analyst Ratings Changes

EA has been the topic of several research analyst reports. Ascendiant Capital Markets increased their price target on Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Oppenheimer upped their price objective on Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Roth Capital reissued a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, May 7th. Morgan Stanley boosted their price target on Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $161.88.

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.