Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Value Partners Investments Inc.

Value Partners Investments Inc. increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1,138.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 318,877 shares of the game software company’s stock after buying an additional 293,124 shares during the quarter. Electronic Arts comprises approximately 4.0% of Value Partners Investments Inc.’s holdings, making the stock its 11th largest position. Value Partners Investments Inc.’s holdings in Electronic Arts were worth $46,135,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Putney Financial Group LLC bought a new position in Electronic Arts during the 4th quarter worth $26,000. Opal Wealth Advisors LLC bought a new position in Electronic Arts during the 1st quarter worth $28,000. Whipplewood Advisors LLC bought a new position in Electronic Arts during the 4th quarter worth $32,000. LGT Financial Advisors LLC bought a new position in shares of Electronic Arts in the fourth quarter worth $33,000. Finally, Millstone Evans Group LLC bought a new position in shares of Electronic Arts in the fourth quarter worth $37,000. 90.23% of the stock is currently owned by institutional investors.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $150.64, for a total value of $753,200.00. Following the completion of the transaction, the chief executive officer now owns 62,393 shares in the company, valued at $9,398,881.52. This trade represents a 7.42% decrease in their position. The transaction 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 Thursday, May 8th. The stock was sold at an average price of $155.57, for a total value of $388,925.00. Following the sale, the insider now owns 40,189 shares of the company’s stock, valued at $6,252,202.73. The trade was a 5.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,229 shares of company stock worth $4,371,399 in the last quarter. 0.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EA. Morgan Stanley increased their price target on Electronic Arts from $135.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 7th. Citigroup reissued a “neutral” rating and issued a $153.00 price target (up previously from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Moffett Nathanson reissued a “neutral” rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, May 7th. Hsbc Global Res raised Electronic Arts from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 7th. Finally, TD Cowen increased their price target on Electronic Arts from $160.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.80.

Electronic Arts Trading Down 0.1%

NASDAQ:EA opened at $157.82 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The firm has a market capitalization of $39.58 billion, a price-to-earnings ratio of 37.22, a price-to-earnings-growth ratio of 2.17 and a beta of 0.71. The stock has a fifty day simple moving average of $148.92 and a 200 day simple moving average of $142.60.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.48%. Electronic Arts’s dividend payout ratio (DPR) is 17.92%.

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.