Thompson Investment Management Inc. Has $7.70 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Thompson Investment Management Inc. lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 301.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,282 shares of the game software company's stock after purchasing an additional 40,007 shares during the quarter. Thompson Investment Management Inc.'s holdings in Electronic Arts were worth $7,700,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital International Investors lifted its holdings 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 acquiring an additional 605,796 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Electronic Arts by 0.5% during 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 buying an additional 30,929 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of 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 acquiring an additional 270,991 shares in the last quarter. Northern Trust Corp increased its holdings in Electronic Arts by 12.4% during the 4th 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 last quarter. Finally, Invesco Ltd. boosted its stake in Electronic Arts by 3.9% during the 4th quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock valued at $472,362,000 after acquiring an additional 120,632 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Trading Up 0.7%

Shares of NASDAQ:EA traded up $1.08 during midday trading on Thursday, reaching $148.76. The company had a trading volume of 673,551 shares, compared to its average volume of 2,749,477. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $37.30 billion, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a fifty day simple moving average of $146.25 and a two-hundred day simple moving average of $143.50.

Electronic Arts Announces Dividend

The business 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 $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is 17.92%.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $145.37, for a total transaction of $726,850.00. Following the completion of the transaction, the chief executive officer now owns 27,615 shares in the company, valued at approximately $4,014,392.55. This represents a 15.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts 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 directly owns 26,216 shares in the company, valued at approximately $3,801,320. This represents 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 insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. UBS Group boosted their price target on Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Wedbush raised their price objective on Electronic Arts from $179.00 to $210.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Benchmark upped their target price on Electronic Arts from $160.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Oppenheimer raised their price target on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Electronic Arts currently has an average rating of "Hold" and an average target price of $161.88.

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.