Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 24.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 306,620 shares of the game software company's stock after buying an additional 60,709 shares during the period. Victory Capital Management Inc. owned 0.12% of Electronic Arts worth $44,313,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Financial Management Professionals Inc. increased its holdings in 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 last quarter. Whipplewood Advisors LLC raised its stake 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 in the last quarter. Clarius Group LLC boosted its stake in shares of Electronic Arts by 3.6% during the 1st quarter. Clarius Group LLC now owns 2,204 shares of the game software company's stock worth $319,000 after acquiring an additional 77 shares in the last quarter. Intrust Bank NA lifted its stake in shares of Electronic Arts by 3.3% during the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock valued at $362,000 after buying an additional 78 shares during the period. Finally, Conning Inc. grew its stake in shares of Electronic Arts by 4.7% during the 1st quarter. Conning Inc. now owns 1,749 shares of the game software company's stock valued at $253,000 after buying an additional 78 shares during the period. Institutional investors own 90.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EA. The Goldman Sachs Group upped their target price on shares of Electronic Arts from $135.00 to $155.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Citigroup restated a "neutral" rating and set a $153.00 price objective (up from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. UBS Group increased their price target 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. Hsbc Global Res upgraded shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Finally, Wedbush reiterated an "outperform" rating and issued a $210.00 price target on shares of Electronic Arts in a research note on Tuesday. Fourteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $162.71.

Electronic Arts Trading Down 2.1%

Shares of EA stock traded down $3.29 during trading hours on Wednesday, reaching $153.73. 2,586,325 shares of the stock were exchanged, compared to its average volume of 2,811,496. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. The company's 50-day moving average price is $150.84 and its 200-day moving average price is $142.70. The firm has a market capitalization of $38.63 billion, a price-to-earnings ratio of 36.26, a price-to-earnings-growth ratio of 2.13 and a beta of 0.73.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.49%. The ex-dividend date was Wednesday, May 28th. Electronic Arts's payout ratio is 17.92%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $159.53, for a total value of $159,530.00. Following the completion of the transaction, the insider directly owned 37,131 shares in the company, valued at approximately $5,923,508.43. The trade was a 2.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $159.50, for a total value of $398,750.00. Following the completion of the sale, the insider directly owned 60,592 shares of the company's stock, valued at approximately $9,664,424. This represents a 3.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,729 shares of company stock valued at $4,822,884 in the last 90 days. Insiders own 0.24% of the company's stock.

About Electronic Arts

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.