Nuveen LLC Takes Position in Electronic Arts Inc. (NASDAQ:EA)

Key Points

• Nuveen LLC has invested approximately $203.54 million in Electronic Arts Inc. by acquiring 1,408,367 shares, representing 0.54% ownership at the end of the recent quarter.
• Electronic Arts will pay a quarterly dividend of $0.19 per share on September 17th, with a payout ratio of 19.05% and an annualized yield of 0.4%.
• The stock price of Electronic Arts has increased by 5.1%, with a market capitalization of $44.06 billion and a consensus target price of $167.12 set by analysts.

Nuveen LLC acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,408,367 shares of the game software company's stock, valued at approximately $203,537,000. Nuveen LLC owned approximately 0.54% of Electronic Arts as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Nomura Holdings Inc. increased its position in shares of 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in 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 boosted its stake in 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 boosted its stake in 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 boosted its stake in 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. Institutional investors and hedge funds own 90.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EA shares. Bank of America raised their target price on shares of Electronic Arts from $166.00 to $168.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Morgan Stanley raised their target price on shares of Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Wall Street Zen lowered shares of Electronic Arts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. TD Cowen lifted their price target on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company set a $168.00 price target on shares of Electronic Arts and gave the stock an "equal weight" rating in a report on Monday, July 28th. Sixteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Electronic Arts presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.12.

Electronic Arts Stock Performance

Shares of EA stock traded down $4.34 on Friday, hitting $174.67. 3,428,521 shares of the stock traded hands, compared to its average volume of 3,477,202. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $43.70 billion, a PE ratio of 43.78, a PEG ratio of 2.31 and a beta of 0.72. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $180.90. The company's fifty day moving average is $156.13 and its 200 day moving average is $145.84.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 27th. Electronic Arts's dividend payout ratio is currently 19.05%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $151.32, for a total value of $151,320.00. Following the sale, the chief financial officer owned 14,533 shares of the company's stock, valued at $2,199,133.56. This trade represents a 6.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $148.32, for a total value of $222,480.00. Following the sale, the executive vice president directly owned 28,448 shares in the company, valued at $4,219,407.36. The trade was a 5.01% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,229 shares of company stock worth $4,452,664. 0.24% of the stock is currently owned by company 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.