Natixis Advisors LLC raised its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 299,110 shares of the game software company's stock after buying an additional 19,556 shares during the period. Natixis Advisors LLC owned about 0.11% of Electronic Arts worth $43,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. Nomura Holdings Inc. boosted its position in Electronic Arts by 11.7% in the 4th quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company's stock valued at $4,566,000 after buying an additional 3,259 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of 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 during the period. GAMMA Investing LLC lifted its position in shares of Electronic Arts by 11,587.9% in the 1st 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. Wealth Enhancement Advisory Services LLC lifted its position in shares of Electronic Arts by 45.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,397 shares of the game software company's stock worth $2,370,000 after purchasing an additional 5,130 shares during the period. Finally, Arlington Partners LLC lifted its position in shares of Electronic Arts by 23.3% in the 1st 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. 90.23% of the stock is owned by hedge funds and other institutional investors.
Electronic Arts Price Performance
Shares of NASDAQ:EA traded up $4.59 during midday trading on Friday, hitting $157.08. The company's stock had a trading volume of 4,396,980 shares, compared to its average volume of 2,517,279. The business's 50 day simple moving average is $151.42 and its 200 day simple moving average is $143.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 0.84. The company has a market cap of $39.47 billion, a P/E ratio of 39.37, a price-to-earnings-growth ratio of 2.04 and a beta of 0.72. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50.
Electronic Arts Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. Electronic Arts's payout ratio is 19.05%.
Insider Activity
In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $159.53, for a total transaction of $159,530.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $159.50, for a total transaction of $398,750.00. Following the transaction, the insider directly owned 60,592 shares in the company, valued at $9,664,424. This trade represents a 3.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,729 shares of company stock valued at $4,677,324 over the last three months. 0.24% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several research firms recently commented on EA. Benchmark boosted their price objective on shares of Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Hsbc Global Res upgraded shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. TD Cowen boosted their price objective on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. HSBC upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a research note on Wednesday, May 7th. Finally, Argus set a $170.00 price objective on shares of Electronic Arts in a research note on Friday, May 16th. Sixteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $164.21.
Check Out Our Latest Research Report on EA
Electronic Arts Company Profile
(
Free Report)
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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