78,002 Shares in Electronic Arts Inc. $EA Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. purchased a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 78,002 shares of the game software company's stock, valued at approximately $11,273,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EA. Ameriprise Financial Inc. grew its position in Electronic Arts by 197.5% in the first quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company's stock worth $421,524,000 after acquiring an additional 1,936,313 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in Electronic Arts in the first quarter worth about $225,102,000. Nuveen LLC purchased a new position in Electronic Arts in the first quarter worth about $203,537,000. Goldman Sachs Group Inc. grew its position in Electronic Arts by 62.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock worth $470,197,000 after acquiring an additional 1,254,194 shares in the last quarter. Finally, ING Groep NV grew its position in Electronic Arts by 3,477.8% in the first quarter. ING Groep NV now owns 1,163,747 shares of the game software company's stock worth $168,185,000 after acquiring an additional 1,131,220 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Analyst Upgrades and Downgrades

EA has been the subject of several recent research reports. Wall Street Zen lowered Electronic Arts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Wedbush reiterated an "outperform" rating and issued a $210.00 price target on shares of Electronic Arts in a research report on Monday, August 25th. Argus set a $170.00 price target on Electronic Arts in a research report on Friday, May 16th. Arete Research set a $192.00 price objective on shares of Electronic Arts in a research note on Tuesday, August 5th. Finally, Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat, Electronic Arts currently has an average rating of "Moderate Buy" and an average price target of $167.12.

Insider Activity

In other news, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $171.06, for a total transaction of $171,060.00. Following the completion of the sale, the chief financial officer owned 15,140 shares of the company's stock, valued at approximately $2,589,848.40. The trade was a 6.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jacob J. Schatz sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $174.65, for a total transaction of $209,580.00. Following the sale, the executive vice president directly owned 27,248 shares of the company's stock, valued at $4,758,863.20. This represents a 4.22% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,900 shares of company stock valued at $4,778,597. Insiders own 0.24% of the company's stock.

Electronic Arts Trading Down 0.2%

Shares of Electronic Arts stock traded down $0.38 on Thursday, hitting $169.89. 2,410,758 shares of the company traded hands, compared to its average volume of 3,408,416. The stock's 50 day moving average price is $162.35 and its 200-day moving average price is $151.15. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $180.90. The company has a market cap of $42.51 billion, a PE ratio of 42.58, a PEG ratio of 2.14 and a beta of 0.75.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 27th. Electronic Arts's payout ratio is currently 19.05%.

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.