2,454 Shares in Electronic Arts Inc. (NASDAQ:EA) Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,454 shares of the game software company's stock, valued at approximately $359,000.

Other large investors have also made changes to their positions in the company. Merit Financial Group LLC acquired a new position in Electronic Arts in the 4th quarter valued at $312,000. Ballentine Partners LLC grew its holdings in Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock valued at $550,000 after buying an additional 82 shares in the last quarter. Atomi Financial Group Inc. purchased a new stake in Electronic Arts in the 4th quarter valued at $217,000. Dakota Wealth Management grew its holdings in shares of Electronic Arts by 14.3% during the 4th quarter. Dakota Wealth Management now owns 7,504 shares of the game software company's stock worth $1,098,000 after purchasing an additional 938 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Electronic Arts by 39.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,383 shares of the game software company's stock worth $2,543,000 after purchasing an additional 4,884 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

Shares of EA traded down $3.98 during midday trading on Thursday, reaching $142.90. 1,137,801 shares of the stock were exchanged, compared to its average volume of 2,724,895. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a market cap of $35.83 billion, a P/E ratio of 36.40, a PEG ratio of 3.58 and a beta of 0.74. The stock's 50 day simple moving average is $145.71 and its 200 day simple moving average is $144.71.

Electronic Arts Dividend Announcement

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 issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. Electronic Arts's payout ratio is currently 17.92%.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the sale, the insider now owns 26,216 shares of the company's stock, valued at $3,801,320. This trade represents a 3.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 2,666 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $150.93, for a total value of $402,379.38. Following the completion of the transaction, the chief executive officer now owns 67,393 shares of the company's stock, valued at $10,171,625.49. This trade represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,729 shares of company stock worth $4,107,664 in the last ninety days. 0.22% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on EA. Argus set a $170.00 target price on Electronic Arts in a research report on Friday, May 16th. UBS Group raised their price target on shares of Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Bank of America boosted their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Benchmark lifted their price objective on shares of Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Robert W. Baird set a $168.00 price target on shares of Electronic Arts in a report on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Electronic Arts currently has an average rating of "Hold" and an average target price of $161.29.

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.