Toronto Dominion Bank boosted its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,319 shares of the game software company's stock after purchasing an additional 11,891 shares during the period. Toronto Dominion Bank owned 0.05% of Electronic Arts worth $20,090,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in Electronic Arts in the fourth quarter valued at $32,000. LGT Financial Advisors LLC bought a new position in Electronic Arts in the fourth quarter worth approximately $33,000. Millstone Evans Group LLC bought a new position in Electronic Arts in the fourth quarter worth approximately $37,000. SBI Securities Co. Ltd. bought a new position in Electronic Arts in the fourth quarter worth approximately $41,000. Finally, OFI Invest Asset Management purchased a new position in shares of Electronic Arts during the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 90.23% of the company's stock.
Insiders Place Their Bets
In other news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the transaction, the insider now owns 26,216 shares in the company, valued at approximately $3,801,320. The trade was a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $142.50, for a total value of $712,500.00. Following the transaction, the chief executive officer now owns 32,615 shares in the company, valued at approximately $4,647,637.50. This represents a 13.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,729 shares of company stock valued at $4,107,664 over the last three months. Insiders own 0.22% of the company's stock.
Electronic Arts Price Performance
EA traded up $0.38 during midday trading on Friday, hitting $143.22. The stock had a trading volume of 5,544,453 shares, compared to its average volume of 2,746,447. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. 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 business has a fifty day moving average of $145.68 and a 200 day moving average of $144.60. The company has a market cap of $35.91 billion, a P/E ratio of 36.44, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74.
Electronic Arts Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors 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 0.53%. The ex-dividend date is Wednesday, May 28th. Electronic Arts's payout ratio is presently 17.92%.
Wall Street Analyst Weigh In
A number of analysts recently commented on EA shares. The Goldman Sachs Group lifted 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. Roth Capital reissued a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, May 7th. DA Davidson started coverage on Electronic Arts in a research report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 target price for the company. Oppenheimer raised 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, 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. Fifteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $161.88.
Read Our Latest Research Report on Electronic Arts
About Electronic Arts
(
Free Report)
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.
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