TradeLink Capital LLC Invests $260,000 in Electronic Arts Inc. (NASDAQ:EA)

Key Points

• TradeLink Capital LLC acquired a new stake in Electronic Arts Inc. during the 1st quarter, purchasing 1,800 shares valued at approximately $260,000.
• Institutional investors currently own 90.23% of Electronic Arts stock, showing strong interest from hedge funds and investment firms.
• Several analysts have set new price targets for EA, with Citigroup raising its target to $153.00 and TD Cowen increasing it to $172.00, indicating a generally positive outlook.

TradeLink Capital LLC acquired a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,800 shares of the game software company's stock, valued at approximately $260,000. Electronic Arts makes up approximately 1.6% of TradeLink Capital LLC's investment portfolio, making the stock its 21st largest position.

A number of other institutional investors also recently made changes to their positions in the business. Natixis Advisors LLC boosted its stake in shares of Electronic Arts by 7.0% in the 1st quarter. Natixis Advisors LLC now owns 299,110 shares of the game software company's stock valued at $43,227,000 after purchasing an additional 19,556 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Electronic Arts by 93.4% in the 1st quarter. Arkadios Wealth Advisors now owns 7,703 shares of the game software company's stock valued at $1,113,000 after purchasing an additional 3,721 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Electronic Arts in the 1st quarter valued at $420,000. XTX Topco Ltd raised its holdings in Electronic Arts by 627.6% during the 1st quarter. XTX Topco Ltd now owns 24,703 shares of the game software company's stock valued at $3,570,000 after buying an additional 21,308 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in Electronic Arts during the 1st quarter valued at $1,968,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Up 3.0%

EA stock traded up $4.59 during trading on Friday, hitting $157.08. 4,396,980 shares of the stock traded hands, compared to its average volume of 2,517,279. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The firm's 50 day moving average is $151.42 and its two-hundred day moving average is $143.24. The stock has a market cap of $39.47 billion, a price-to-earnings ratio of 39.37, a price-to-earnings-growth ratio of 1.98 and a beta of 0.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.95.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, August 27th. Electronic Arts's dividend payout ratio is 19.05%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EA. Citigroup reiterated a "neutral" rating and set a $153.00 price target (up from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. UBS Group set a $167.00 price objective on shares of Electronic Arts and gave the stock a "neutral" rating in a report on Friday. HSBC upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a report on Wednesday, May 7th. Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the stock an "equal weight" rating in a report on Monday. Finally, Argus set a $170.00 price objective on shares of Electronic Arts in a report on Friday, May 16th. Sixteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $164.21.

Insider Activity at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $159.50, for a total transaction of $398,750.00. Following the sale, the insider owned 60,592 shares of the company's stock, valued at $9,664,424. This trade represents a 3.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $152.21, for a total transaction of $761,050.00. Following the sale, the chief executive officer directly owned 57,393 shares in the company, valued at approximately $8,735,788.53. The trade was a 8.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,729 shares of company stock worth $4,677,324 in the last ninety days. 0.24% of the stock is currently owned by company insiders.

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.