Vestmark Advisory Solutions Inc. Raises Stock Holdings in Electronic Arts Inc. $EA

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Electronic Arts Inc. by 97% in Q1, bringing their total holdings to 3,703 shares valued at $535,000.
• The company's quarterly dividend of $0.19 will be paid on September 17th, reflecting a 0.4% yield and a payout ratio of 19.05%.
• Analysts have set a range of price targets for Electronic Arts, with the highest at $210 from Wedbush, while the average target is around $167.12, indicating a generally positive outlook.

Vestmark Advisory Solutions Inc. grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 97.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,703 shares of the game software company's stock after acquiring an additional 1,823 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Electronic Arts were worth $535,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Electronic Arts by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company's stock worth $4,198,607,000 after buying an additional 150,438 shares in the last quarter. Invesco Ltd. grew its stake in Electronic Arts by 15.6% in the 1st quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company's stock valued at $539,563,000 after buying an additional 504,760 shares in the last quarter. Northern Trust Corp boosted its holdings in 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 valued at $476,540,000 after purchasing an additional 360,563 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Electronic Arts by 62.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock valued at $470,197,000 after purchasing an additional 1,254,194 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Electronic Arts by 5.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,663,957 shares of the game software company's stock valued at $389,737,000 after purchasing an additional 132,703 shares during the period. Institutional investors own 90.23% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EA. Bank of America lifted their price objective on shares of Electronic Arts from $166.00 to $168.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Morgan Stanley boosted their price objective on shares of Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Robert W. Baird boosted their price objective on shares of Electronic Arts from $168.00 to $170.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Wedbush reiterated an "outperform" rating and set a $210.00 price target on shares of Electronic Arts in a research report on Tuesday, July 22nd. Finally, Oppenheimer upped their price objective on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.12.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $159.53, for a total value of $159,530.00. Following the completion of the sale, the insider directly owned 37,131 shares in the company, valued at $5,923,508.43. The trade was a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the completion of the transaction, the chief executive officer owned 52,393 shares of the company's stock, valued at $8,961,822.65. This represents a 8.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,200 shares of company stock valued at $4,142,660 over the last three months. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Performance

Shares of NASDAQ:EA traded down $0.0320 during trading on Friday, hitting $171.5180. The company's stock had a trading volume of 1,012,900 shares, compared to its average volume of 3,486,632. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $180.90. The firm has a market cap of $42.92 billion, a price-to-earnings ratio of 43.01, a P/E/G ratio of 2.21 and a beta of 0.72. The company has a 50-day moving average of $157.95 and a 200-day moving average of $147.23. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts Dividend Announcement

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 issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 27th. Electronic Arts's payout ratio is presently 19.05%.

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.