Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Electronic Arts by 3.0%, acquiring an additional 7,820 shares to own a total of 264,442 shares worth approximately $38.2 million as of its latest SEC filing.
• Electronic Arts recently declared a quarterly dividend of $0.19 per share, indicating a yield of 0.4% with a payout ratio of 19.05%.
• Equities analysts have raised their price targets for Electronic Arts, with several firms setting objectives between $167.00 and $190.00, reflecting positive market sentiment toward the company's stock.

Russell Investments Group Ltd. increased its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 264,442 shares of the game software company's stock after buying an additional 7,820 shares during the quarter. Russell Investments Group Ltd. owned about 0.10% of Electronic Arts worth $38,212,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of EA. Brighton Jones LLC lifted its position in Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock worth $500,000 after buying an additional 294 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Electronic Arts during the fourth quarter worth $34,334,000. Townsquare Capital LLC lifted its position in shares of Electronic Arts by 35.6% during the fourth quarter. Townsquare Capital LLC now owns 5,278 shares of the game software company's stock worth $772,000 after purchasing an additional 1,387 shares during the last quarter. Sagespring Wealth Partners LLC bought a new stake in shares of Electronic Arts during the fourth quarter worth $217,000. Finally, Mariner LLC lifted its position in shares of Electronic Arts by 15.0% during the fourth quarter. Mariner LLC now owns 37,854 shares of the game software company's stock worth $5,538,000 after purchasing an additional 4,938 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Down 2.4%

EA traded down $4.34 on Friday, hitting $174.67. The company had a trading volume of 3,428,521 shares, compared to its average volume of 3,477,202. The stock has a fifty day moving average price of $156.13 and a 200-day moving average price of $146.04. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $180.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $43.70 billion, a price-to-earnings ratio of 43.78, a P/E/G ratio of 2.25 and a beta of 0.72.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts's payout ratio is presently 19.05%.

Insider Buying and Selling at Electronic Arts

In other news, CFO Stuart Canfield sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $151.32, for a total transaction of $151,320.00. Following the sale, the chief financial officer owned 14,533 shares in the company, valued at approximately $2,199,133.56. The trade was a 6.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $155.49, for a total value of $388,725.00. Following the sale, the insider owned 58,092 shares in the company, valued at $9,032,725.08. The trade was a 4.13% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,229 shares of company stock valued at $4,452,664. Insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

EA has been the subject of several research analyst reports. Benchmark lifted their target price on Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group lifted their target price on Electronic Arts from $135.00 to $155.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Arete upgraded Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 target price for the company in a research report on Tuesday, August 5th. Oppenheimer lifted their target price on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, DA Davidson lifted their target price on Electronic Arts from $150.00 to $160.00 and gave the stock a "neutral" rating in a research report on Monday, August 11th. Sixteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $167.12.

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.