Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Focus Partners Wealth

Focus Partners Wealth raised its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 121.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,422 shares of the game software company's stock after acquiring an additional 5,725 shares during the period. Focus Partners Wealth's holdings in Electronic Arts were worth $1,525,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. lifted its holdings in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after buying an additional 117 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in Electronic Arts during the 4th quarter worth $32,000. LGT Financial Advisors LLC bought a new stake in Electronic Arts during the 4th quarter valued at $33,000. Millstone Evans Group LLC purchased a new stake in shares of Electronic Arts in the 4th quarter worth $37,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Electronic Arts in the 4th quarter worth $41,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Performance

Shares of NASDAQ:EA traded up $1.44 during midday trading on Tuesday, reaching $151.92. The company's stock had a trading volume of 2,171,873 shares, compared to its average volume of 2,728,645. The firm has a market capitalization of $38.10 billion, a PE ratio of 38.66, a P/E/G ratio of 3.58 and a beta of 0.74. The stock has a fifty day moving average of $144.79 and a 200 day moving average of $144.97. 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 Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. Electronic Arts's payout ratio is 17.92%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. BNP Paribas lowered shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price objective for the company. in a research note on Monday, January 27th. UBS Group lifted their price objective on shares of Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Bank of America boosted their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Morgan Stanley increased their target price on Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Finally, BMO Capital Markets dropped their price objective on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Fifteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $161.29.

Insider Activity

In other news, CFO Stuart Canfield sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the transaction, the chief financial officer now directly owns 9,516 shares in the company, valued at $1,238,126.76. The trade was a 9.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $155.57, for a total value of $388,925.00. Following the completion of the sale, the insider now directly owns 40,189 shares of the company's stock, valued at approximately $6,252,202.73. This represents a 5.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,500 shares of company stock worth $3,342,580 in the last quarter. Corporate insiders own 0.22% 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.