Nisa Investment Advisors LLC Raises Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Nisa Investment Advisors LLC raised its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 175.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 308,336 shares of the game software company's stock after purchasing an additional 196,594 shares during the quarter. Nisa Investment Advisors LLC owned 0.12% of Electronic Arts worth $44,561,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Putney Financial Group LLC bought a new position in Electronic Arts in the fourth quarter worth $26,000. Opal Wealth Advisors LLC purchased a new stake in shares of Electronic Arts in the first quarter worth $28,000. LGT Financial Advisors LLC purchased a new stake in shares of Electronic Arts in the fourth quarter worth $33,000. Millstone Evans Group LLC purchased a new stake in shares of Electronic Arts in the fourth quarter worth $37,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Electronic Arts in the first quarter worth $39,000. Institutional investors own 90.23% of the company's stock.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 6,563 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $151.18, for a total value of $992,194.34. Following the transaction, the chief executive officer directly owned 70,059 shares of the company's stock, valued at approximately $10,591,519.62. This represents a 8.57% 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, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total value of $218,475.00. Following the completion of the sale, the executive vice president owned 19,033 shares in the company, valued at $2,772,156.45. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,729 shares of company stock valued at $4,784,679. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Up 0.0%

Shares of EA traded up $0.01 during trading hours on Thursday, hitting $152.69. The company had a trading volume of 584,751 shares, compared to its average volume of 2,811,418. The company's fifty day moving average price is $151.06 and its two-hundred day moving average price is $142.52. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a market capitalization of $38.37 billion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 2.07 and a beta of 0.73. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23.

Electronic Arts Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently commented on EA. Oppenheimer increased their price objective on Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. UBS Group raised their price objective on Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. raised their price objective on Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Moffett Nathanson reaffirmed a "neutral" rating and issued a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, May 7th. Finally, Benchmark lifted their target price on Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Fourteen research 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, Electronic Arts has an average rating of "Moderate Buy" and a consensus target price of $162.80.

Electronic Arts Company 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.