Vident Advisory LLC Raises Stake in Electronic Arts Inc. $EA

Key Points

• Vident Advisory LLC increased its holdings in Electronic Arts Inc. by 20.3% in Q1, bringing its total investment to $5.10 million.
• Brokerages have raised ratings and price targets for Electronic Arts, with Roth Capital upgrading it to a "buy" and setting a target of $185.
• Electronic Arts will pay a quarterly dividend of $0.19 per share on September 17, indicating a 0.4% yield and a payout ratio of 19.05%.

Vident Advisory LLC boosted its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 20.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,298 shares of the game software company's stock after acquiring an additional 5,957 shares during the quarter. Vident Advisory LLC's holdings in Electronic Arts were worth $5,101,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Putney Financial Group LLC bought a new position in shares of Electronic Arts during the fourth quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new stake in Electronic Arts in the first quarter worth about $28,000. Bank of Jackson Hole Trust lifted its holdings in Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock worth $30,000 after buying an additional 75 shares during the period. Wayfinding Financial LLC purchased a new stake in Electronic Arts in the first quarter worth about $39,000. Finally, American National Bank & Trust purchased a new position in Electronic Arts during the first quarter valued at $40,000. 90.23% of the stock is owned by institutional investors.

Insider Activity

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $155.49, for a total value of $388,725.00. Following the transaction, the insider directly owned 58,092 shares in the company, valued at $9,032,725.08. The trade was a 4.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $172.26, for a total transaction of $206,712.00. Following the completion of the transaction, the insider owned 35,931 shares in the company, valued at $6,189,474.06. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,900 shares of company stock valued at $4,778,597. Company insiders own 0.24% of the company's stock.

Electronic Arts Price Performance

Shares of EA stock traded down $3.59 on Wednesday, reaching $167.86. 2,748,702 shares of the company were exchanged, compared to its average volume of 3,443,366. The company has a market cap of $42.00 billion, a price-to-earnings ratio of 42.07, a P/E/G ratio of 2.22 and a beta of 0.75. The business has a 50-day moving average price of $161.16 and a 200 day moving average price of $149.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $180.90.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, August 27th. Electronic Arts's dividend payout ratio is currently 19.05%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Electronic Arts from $135.00 to $155.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Citigroup reaffirmed a "neutral" rating and issued a $153.00 target price (up previously from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. Oppenheimer boosted their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. DA Davidson upped their target price on shares of Electronic Arts from $150.00 to $160.00 and gave the company a "neutral" rating in a research report on Monday, August 11th. Finally, Moffett Nathanson reissued a "neutral" rating and issued a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, Electronic Arts has an average rating of "Moderate Buy" and an average target price of $167.12.

Electronic Arts Company 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.