Electronic Arts Inc. $EA Shares Bought by Strs Ohio

Strs Ohio raised its position in Electronic Arts Inc. (NASDAQ:EA) by 4.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 149,234 shares of the game software company’s stock after buying an additional 6,234 shares during the quarter. Strs Ohio owned about 0.06% of Electronic Arts worth $23,833,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Norden Group LLC acquired a new position in Electronic Arts in the 2nd quarter valued at $214,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Electronic Arts during the 1st quarter worth $319,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Electronic Arts by 34.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock worth $6,467,000 after purchasing an additional 10,453 shares during the period. Vest Financial LLC grew its stake in shares of Electronic Arts by 5.7% during the 2nd quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock worth $44,408,000 after purchasing an additional 15,032 shares during the period. Finally, CCM Investment Group LLC acquired a new position in shares of Electronic Arts during the 1st quarter worth $1,625,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 30th. Roth Capital cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and upped their price target for the stock from $185.00 to $210.00 in a research note on Thursday, October 2nd. TD Cowen cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Argus set a $210.00 price target on shares of Electronic Arts in a research note on Thursday. Finally, Jefferies Financial Group cut shares of Electronic Arts from a “buy” rating to a “hold” rating and upped their price target for the stock from $200.00 to $210.00 in a research note on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $181.64.

Electronic Arts Price Performance

Electronic Arts stock opened at $200.06 on Friday. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $203.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. The firm’s 50-day simple moving average is $186.18 and its 200 day simple moving average is $164.86. The firm has a market capitalization of $50.06 billion, a PE ratio of 58.50, a P/E/G ratio of 3.04 and a beta of 0.77.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd will be given a $0.19 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s payout ratio is currently 22.22%.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $200.55, for a total value of $1,002,750.00. Following the transaction, the chief executive officer directly owned 42,393 shares in the company, valued at approximately $8,501,916.15. This represents a 10.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $200.31, for a total transaction of $240,372.00. Following the completion of the transaction, the insider owned 32,331 shares in the company, valued at approximately $6,476,222.61. This trade represents a 3.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 39,400 shares of company stock worth $7,359,462. 0.24% of the stock is owned by company insiders.

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.