Tounjian Advisory Partners LLC Invests $637,000 in Electronic Arts Inc. (NASDAQ:EA)

Tounjian Advisory Partners LLC bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 4,410 shares of the game software company's stock, valued at approximately $637,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital International Investors increased its holdings in Electronic Arts by 5.2% in 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 period. Geode Capital Management LLC increased its holdings 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 buying an additional 30,929 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Electronic Arts by 6.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock worth $648,169,000 after purchasing an additional 270,991 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Electronic Arts by 12.4% in 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. grew its holdings in shares of Electronic Arts by 3.9% in the 4th 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 last quarter. Institutional investors own 90.23% of the company's stock.

Electronic Arts Trading Down 1.0%

Shares of NASDAQ:EA traded down $1.57 during mid-day trading on Friday, reaching $148.48. The stock had a trading volume of 1,703,905 shares, compared to its average volume of 2,755,660. The firm has a market cap of $37.23 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. The firm has a 50 day simple moving average of $146.88 and a two-hundred day simple moving average of $143.29. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Electronic Arts Dividend Announcement

The company also recently declared 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. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. Electronic Arts's dividend payout ratio is 17.92%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EA. The Goldman Sachs Group upped their target price on shares of Electronic Arts from $135.00 to $155.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Ascendiant Capital Markets upped their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. DA Davidson initiated coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 target price on the stock. UBS Group upped their price target on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Moffett Nathanson reiterated a "neutral" rating and set a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, May 7th. 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 stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $161.88.

Insider Activity at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $155.57, for a total transaction of $388,925.00. Following the completion of the sale, the insider now directly owns 40,189 shares of the company's stock, valued at approximately $6,252,202.73. This represents a 5.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the completion of the sale, the chief executive officer now owns 32,615 shares in the company, valued at $4,647,637.50. This trade represents a 13.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,729 shares of company stock worth $4,107,664 in the last ninety days. Company insiders own 0.22% of the company's stock.

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.