Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,443 shares of the game software company's stock after acquiring an additional 3,647 shares during the quarter. IFM Investors Pty Ltd's holdings in Electronic Arts were worth $9,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of EA. Brighton Jones LLC boosted its position in shares of Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock valued at $500,000 after acquiring an additional 294 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Electronic Arts by 155.9% during the 4th quarter. Jones Financial Companies Lllp now owns 2,741 shares of the game software company's stock valued at $401,000 after acquiring an additional 1,670 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Electronic Arts in the 4th quarter valued at about $41,000. Steward Partners Investment Advisory LLC raised its holdings in Electronic Arts by 5.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,944 shares of the game software company's stock valued at $284,000 after buying an additional 92 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Electronic Arts by 2.5% in the 4th 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 buying an additional 36,153 shares during the period. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Stock Down 1.2%

Shares of EA stock traded down $1.84 during trading hours on Monday, reaching $153.53. 2,502,773 shares of the stock were exchanged, compared to its average volume of 2,819,979. The business's fifty day moving average is $150.78 and its two-hundred day moving average is $142.38. 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 12-month low of $115.21 and a 12-month high of $168.50. The firm has a market capitalization of $38.58 billion, a P/E ratio of 36.21, a P/E/G ratio of 2.11 and a beta of 0.73.

Electronic Arts Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EA. Benchmark boosted their price objective on shares of Electronic Arts from $160.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Moffett Nathanson restated a "neutral" rating and issued a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, May 7th. Argus set a $170.00 price objective on shares of Electronic Arts in a report on Friday, May 16th. TD Cowen boosted their price objective on shares of Electronic Arts from $160.00 to $172.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. boosted 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. Fourteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $162.80.

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $150.64, for a total value of $753,200.00. Following the completion of the transaction, the chief executive officer directly owned 62,393 shares of the company's stock, valued at $9,398,881.52. This represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $148.69, for a total value of $223,035.00. Following the completion of the transaction, the executive vice president directly owned 29,948 shares of the company's stock, valued at $4,452,968.12. This trade represents a 4.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,729 shares of company stock valued at $4,784,679. 0.24% of the stock is owned by corporate insiders.

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.