Electronic Arts Inc. (NASDAQ:EA) Holdings Raised by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,741 shares of the game software company's stock after purchasing an additional 2,220 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Electronic Arts were worth $5,165,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Brighton Jones LLC grew its stake in shares of Electronic Arts by 9.4% during the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock worth $500,000 after purchasing an additional 294 shares during the period. Empowered Funds LLC grew its stake in shares of Electronic Arts by 32.4% during the 4th quarter. Empowered Funds LLC now owns 7,230 shares of the game software company's stock worth $1,058,000 after acquiring an additional 1,771 shares in the last quarter. Stephens Inc. AR increased its stake in Electronic Arts by 12.3% in the 4th quarter. Stephens Inc. AR now owns 5,337 shares of the game software company's stock valued at $781,000 after buying an additional 585 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in Electronic Arts by 84.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 5,805 shares of the game software company's stock worth $849,000 after acquiring an additional 2,661 shares in the last quarter. Finally, Savant Capital LLC raised its stake in shares of Electronic Arts by 11.8% during the 4th quarter. Savant Capital LLC now owns 3,622 shares of the game software company's stock worth $530,000 after purchasing an additional 381 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Oppenheimer raised their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Robert W. Baird set a $168.00 price objective on shares of Electronic Arts in a research note on Wednesday, May 7th. HSBC raised Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research report on Wednesday, May 7th. UBS Group upped their price target on Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, Ascendiant Capital Markets raised their price objective on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Fifteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $161.88.

Electronic Arts Stock Down 1.0%

Shares of EA traded down $1.57 during midday trading on Friday, reaching $148.48. 1,703,905 shares of the company were exchanged, compared to its average volume of 2,755,662. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The stock has a 50-day moving average price of $146.88 and a 200-day moving average price of $143.29. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a market cap of $37.23 billion, a price-to-earnings ratio of 37.78, a P/E/G ratio of 3.58 and a beta of 0.71.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. Electronic Arts's dividend payout ratio (DPR) is 17.92%.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the sale, the chief executive officer now directly owns 32,615 shares of the company's stock, valued at $4,647,637.50. This trade represents a 13.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $155.57, for a total transaction of $388,925.00. Following the completion of the sale, the insider now directly owns 40,189 shares of the company's stock, valued at $6,252,202.73. The trade was a 5.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,729 shares of company stock worth $4,107,664. 0.22% of the stock is currently owned by insiders.

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.