Inspire Trust Co. N.A. Has $2.75 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Key Points

• Inspire Trust Co. N.A. increased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 26.7%, purchasing an additional 4,000 shares during the first quarter.
• Several institutional investors significantly boosted their stakes in Electronic Arts, with Nuveen LLC acquiring a new stake worth approximately $203 million and Goldman Sachs increasing its stake by 62.7%.
• Research analysts have a consensus rating of "Moderate Buy" for Electronic Arts, with an average price target of $167.12, reflecting a range of outlooks from "neutral" to "outperform."

Inspire Trust Co. N.A. raised its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 26.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,000 shares of the game software company's stock after purchasing an additional 4,000 shares during the period. Inspire Trust Co. N.A.'s holdings in Electronic Arts were worth $2,746,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Nomura Holdings Inc. boosted its holdings in Electronic Arts by 11.7% during the fourth quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company's stock worth $4,566,000 after purchasing an additional 3,259 shares during the last quarter. CCM Investment Group LLC bought a new position in shares of Electronic Arts in the first quarter valued at about $1,625,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Electronic Arts by 2.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company's stock worth $94,456,000 after purchasing an additional 13,461 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Electronic Arts by 11,587.9% during the first quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company's stock worth $96,737,000 after purchasing an additional 663,640 shares during the period. Finally, Arlington Partners LLC increased its holdings in shares of Electronic Arts by 23.3% during the first quarter. Arlington Partners LLC now owns 34,536 shares of the game software company's stock worth $4,991,000 after purchasing an additional 6,532 shares during the period. Institutional investors own 90.23% of the company's stock.

Insider Buying and Selling at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $155.49, for a total transaction of $388,725.00. Following the transaction, the insider directly owned 58,092 shares in the company, valued at $9,032,725.08. The trade was a 4.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $159.53, for a total transaction of $159,530.00. Following the sale, the insider directly owned 37,131 shares of the company's stock, valued at $5,923,508.43. The trade was a 2.62% 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 $4,452,664 over the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

Shares of Electronic Arts stock traded down $4.34 during midday trading on Friday, reaching $174.67. The company had a trading volume of 3,428,521 shares, compared to its average volume of 3,477,202. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $180.90. The company has a market capitalization of $43.70 billion, a price-to-earnings ratio of 43.78, a price-to-earnings-growth ratio of 2.25 and a beta of 0.72. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $156.13 and a 200 day simple moving average of $146.04.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th 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 0.4%. The ex-dividend date is Wednesday, August 27th. Electronic Arts's dividend payout ratio (DPR) is presently 19.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Arete upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 price target on the stock in a research note on Tuesday, August 5th. DA Davidson boosted their price target on shares of Electronic Arts from $150.00 to $160.00 and gave the company a "neutral" rating in a research note on Monday, August 11th. Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the stock an "equal weight" rating in a report on Monday, July 28th. JPMorgan Chase & Co. boosted their price target on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, Bank of America upped their price target on Electronic Arts from $166.00 to $168.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $167.12.

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.