Vest Financial LLC Makes New Investment in Electronic Arts Inc. (NASDAQ:EA)

Vest Financial LLC bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 263,037 shares of the game software company's stock, valued at approximately $38,014,000. Vest Financial LLC owned 0.10% of Electronic Arts as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EA. Putney Financial Group LLC bought a new stake in shares of Electronic Arts during the 4th quarter valued at $26,000. Whipplewood Advisors LLC bought a new position in shares of Electronic Arts during the 4th quarter valued at approximately $32,000. LGT Financial Advisors LLC bought a new stake in Electronic Arts in the fourth quarter worth $33,000. Millstone Evans Group LLC purchased a new stake in Electronic Arts in the fourth quarter worth $37,000. Finally, American National Bank & Trust purchased a new position in shares of Electronic Arts during the first quarter valued at $40,000. Institutional investors own 90.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EA. HSBC raised Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a report on Wednesday, May 7th. Robert W. Baird set a $168.00 price target on Electronic Arts in a report on Wednesday, May 7th. Hsbc Global Res raised Electronic Arts from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Benchmark raised their price target on Electronic Arts from $160.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Moffett Nathanson reissued a "neutral" rating and set a $163.00 price target on shares of Electronic Arts in a research 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 MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $161.88.

Electronic Arts Trading Up 1.1%

NASDAQ EA traded up $1.69 during mid-day trading on Friday, reaching $149.57. 2,783,740 shares of the stock were exchanged, compared to its average volume of 2,748,507. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The stock has a 50 day simple moving average of $145.84 and a 200-day simple moving average of $144.02. The stock has a market cap of $37.51 billion, a P/E ratio of 38.06, a P/E/G ratio of 3.58 and a beta of 0.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be paid a $0.19 dividend. The ex-dividend date of this dividend 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 (DPR) is 17.92%.

Insiders Place Their Bets

In related news, CFO Stuart Canfield sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $151.32, for a total transaction of $151,320.00. Following the completion of the sale, the chief financial officer now directly owns 14,533 shares in the company, valued at approximately $2,199,133.56. The trade was a 6.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction, the chief executive officer now directly owns 32,615 shares in the company, valued at $4,647,637.50. This represents a 13.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,729 shares of company stock valued at $4,107,664 in the last quarter. Insiders own 0.22% of the company's stock.

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.