Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 175.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,336 shares of the game software company's stock after buying an additional 196,594 shares during the quarter. Nisa Investment Advisors LLC owned about 0.12% of Electronic Arts worth $44,561,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Putney Financial Group LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the 1st quarter valued at approximately $28,000. LGT Financial Advisors LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $33,000. Millstone Evans Group LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $37,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Electronic Arts in the 1st quarter valued at approximately $39,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Up 0.0%

EA stock traded up $0.04 on Wednesday, hitting $152.68. 1,845,072 shares of the company's stock were exchanged, compared to its average volume of 2,816,659. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The firm has a 50 day moving average price of $150.91 and a two-hundred day moving average price of $142.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $38.36 billion, a P/E ratio of 36.01, a price-to-earnings-growth ratio of 2.08 and a beta of 0.73.

Electronic Arts Announces Dividend

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

Analyst Upgrades and Downgrades

EA has been the subject of several analyst reports. UBS Group raised their price objective on Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Citigroup reissued a "neutral" rating and set a $153.00 price target (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Benchmark raised their price target on Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Wedbush raised Electronic Arts to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, TD Cowen raised their price target on Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Fourteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $162.80.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $150.64, for a total transaction of $753,200.00. Following the sale, the chief executive officer owned 62,393 shares in the company, valued at approximately $9,398,881.52. The trade was a 7.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura Miele sold 2,500 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $159.50, for a total value of $398,750.00. Following the sale, the insider owned 60,592 shares in the company, valued at approximately $9,664,424. The trade was a 3.96% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,729 shares of company stock worth $4,784,679. 0.24% of the stock is owned by corporate insiders.

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.