Worldquant Millennium Advisors LLC bought a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 188,975 shares of the game software company's stock, valued at approximately $27,647,000. Worldquant Millennium Advisors LLC owned 0.07% of Electronic Arts as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in Electronic Arts in the fourth quarter valued at $32,000. LGT Financial Advisors LLC purchased a new position in shares of Electronic Arts during the 4th quarter worth $33,000. Millstone Evans Group LLC acquired a new stake in shares of Electronic Arts during the fourth quarter worth $37,000. SBI Securities Co. Ltd. purchased a new stake in shares of Electronic Arts in the fourth quarter valued at $41,000. Finally, OFI Invest Asset Management acquired a new position in Electronic Arts in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 90.23% of the company's stock.
Electronic Arts Stock Up 0.2%
Electronic Arts stock traded up $0.26 during midday trading on Monday, hitting $146.89. The stock had a trading volume of 2,108,703 shares, compared to its average volume of 2,731,370. The business has a fifty day moving average price of $145.49 and a 200 day moving average price of $144.76. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The stock has a market cap of $36.84 billion, a P/E ratio of 37.38, a P/E/G ratio of 3.58 and a beta of 0.74. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.
Electronic Arts Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. Electronic Arts's payout ratio is 17.92%.
Wall Street Analyst Weigh In
EA has been the topic of several research analyst reports. Bank of America raised their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Robert W. Baird set a $168.00 target price on shares of Electronic Arts in a research note on Wednesday, May 7th. BMO Capital Markets reduced their price objective on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Benchmark increased their target price on Electronic Arts from $160.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Ascendiant Capital Markets boosted their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Fifteen research 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $161.29.
Read Our Latest Research Report on Electronic Arts
Insider Activity
In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $155.57, for a total transaction of $388,925.00. Following the sale, the insider now owns 40,189 shares in the company, valued at $6,252,202.73. This represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $142.50, for a total transaction of $712,500.00. Following the completion of 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. In the last ninety days, insiders sold 27,729 shares of company stock worth $4,107,664. 0.22% of the stock is currently owned by insiders.
Electronic Arts Company Profile
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Free Report)
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.
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