46,145 Shares in Electronic Arts Inc. (NASDAQ:EA) Bought by Triglav Skladi D.O.O.

Triglav Skladi D.O.O. bought a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 46,145 shares of the game software company's stock, valued at approximately $6,751,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EA. Whipplewood Advisors LLC acquired a new stake in Electronic Arts during the 4th quarter worth about $32,000. LGT Financial Advisors LLC acquired a new stake in Electronic Arts during the 4th quarter worth about $33,000. Millstone Evans Group LLC acquired a new stake in Electronic Arts during the 4th quarter worth about $37,000. SBI Securities Co. Ltd. acquired a new stake in Electronic Arts during the 4th quarter worth about $41,000. Finally, OFI Invest Asset Management acquired a new stake in Electronic Arts during the 4th quarter worth about $42,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of analyst reports. UBS Group raised their target price on Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Oppenheimer raised their target price on Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. DA Davidson assumed coverage on Electronic Arts in a report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price objective on the stock. Roth Capital reiterated a "neutral" rating on shares of Electronic Arts in a report on Wednesday, May 7th. Finally, Robert W. Baird set a $168.00 price objective on Electronic Arts in a report on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Electronic Arts presently has a consensus rating of "Hold" and an average target price of $161.29.

Electronic Arts Trading Up 0.2%

Shares of EA stock traded up $0.26 during trading on Friday, hitting $146.89. 2,108,703 shares of the stock traded hands, compared to its average volume of 2,727,039. The firm has a market capitalization of $36.84 billion, a P/E ratio of 37.38, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm's fifty day moving average price is $145.49 and its 200-day moving average price is $144.96. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50.

Electronic Arts Dividend Announcement

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

Insider Activity

In related news, 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 owns 26,216 shares in the company, valued at approximately $3,801,320. This trade represents a 3.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total transaction of $712,500.00. Following the completion of the transaction, the chief executive officer now owns 32,615 shares of the company's stock, valued at approximately $4,647,637.50. This trade represents a 13.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,729 shares of company stock valued at $4,107,664. 0.22% 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.