Teza Capital Management LLC Purchases Shares of 13,929 Electronic Arts Inc. (NASDAQ:EA)

Teza Capital Management LLC acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,929 shares of the game software company's stock, valued at approximately $2,038,000.

Other hedge funds have also added to or reduced their stakes in the company. Capital International Investors lifted its position in shares of Electronic Arts by 5.2% during the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock valued at $1,778,553,000 after buying an additional 605,796 shares during the last quarter. Geode Capital Management LLC raised its stake in Electronic Arts by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock valued at $978,650,000 after acquiring an additional 30,929 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Electronic Arts by 6.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock valued at $648,169,000 after purchasing an additional 270,991 shares during the last quarter. Northern Trust Corp boosted its position in Electronic Arts by 12.4% during the fourth quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company's stock worth $476,540,000 after purchasing an additional 360,563 shares during the period. Finally, Invesco Ltd. boosted its position in Electronic Arts by 3.9% during the fourth quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock worth $472,362,000 after purchasing an additional 120,632 shares during the period. Institutional investors own 90.23% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on EA shares. Benchmark boosted their price target on shares of Electronic Arts from $160.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Ascendiant Capital Markets boosted their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a report on Monday, March 3rd. The Goldman Sachs Group raised their price target on Electronic Arts from $135.00 to $155.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Morgan Stanley lifted their price target on Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Finally, DA Davidson began coverage on Electronic Arts in a research note on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price objective on the stock. Fifteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of "Hold" and an average target price of $161.29.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 2,666 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $150.93, for a total transaction of $402,379.38. Following the transaction, the chief executive officer now directly owns 67,393 shares in the company, valued at $10,171,625.49. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the sale, the insider now owns 26,216 shares of the company's stock, valued at $3,801,320. The trade was a 3.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,729 shares of company stock valued at $4,107,664. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

Shares of NASDAQ EA traded up $0.93 during mid-day trading on Friday, reaching $147.56. 839,063 shares of the company were exchanged, compared to its average volume of 2,726,807. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company's 50 day moving average price is $145.39 and its 200 day moving average price is $145.02. The stock has a market capitalization of $37.00 billion, a PE ratio of 37.54, a PEG ratio of 3.58 and a beta of 0.74. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts's payout ratio is currently 17.92%.

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.