Vest Financial LLC Acquires New Shares in Electronic Arts Inc. (NASDAQ:EA)

Vest Financial LLC bought a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and 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 filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in EA. Financial Management Professionals Inc. lifted its stake in shares of Electronic Arts by 15.0% in the 1st quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock valued at $81,000 after purchasing an additional 73 shares during the period. Whipplewood Advisors LLC grew its position in shares of Electronic Arts by 34.2% during the 1st quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock worth $43,000 after buying an additional 76 shares during the period. Intrust Bank NA increased its stake in shares of Electronic Arts by 3.3% in the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock valued at $362,000 after acquiring an additional 78 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Electronic Arts by 11.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock valued at $119,000 after acquiring an additional 81 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Electronic Arts by 4.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,951 shares of the game software company's stock valued at $282,000 after acquiring an additional 84 shares during the period. Institutional investors own 90.23% of the company's stock.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the transaction, the insider now owns 26,216 shares in the company, valued at $3,801,320. This trade represents a 3.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the sale, the chief executive officer now directly owns 32,615 shares in the company, valued at approximately $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 sold 27,729 shares of company stock worth $4,107,664 over the last three months. Insiders own 0.22% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on EA. UBS Group upped their target price on shares of Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Oppenheimer lifted their target price on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. TD Cowen increased their price target on Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price objective on Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Wedbush boosted their price objective on Electronic Arts from $179.00 to $210.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of "Hold" and a consensus target price of $161.88.

Electronic Arts Stock Performance

Shares of EA stock traded down $2.65 on Monday, reaching $146.92. The stock had a trading volume of 3,031,916 shares, compared to its average volume of 2,750,625. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The firm has a market capitalization of $36.84 billion, a price-to-earnings ratio of 37.38, a P/E/G ratio of 3.58 and a beta of 0.71. The firm's 50-day moving average is $145.91 and its two-hundred day moving average is $143.58. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts's dividend payout ratio is currently 17.92%.

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.