Electronic Arts Inc. (NASDAQ:EA) Shares Bought by AXS Investments LLC

AXS Investments LLC lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 130.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,384 shares of the game software company’s stock after buying an additional 8,701 shares during the period. AXS Investments LLC’s holdings in Electronic Arts were worth $2,105,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. WBI Investments LLC purchased a new position in Electronic Arts in the fourth quarter valued at about $1,099,000. Financial Advisors Network Inc. raised its stake in Electronic Arts by 25.4% during the fourth quarter. Financial Advisors Network Inc. now owns 5,097 shares of the game software company’s stock valued at $697,000 after buying an additional 1,032 shares in the last quarter. Assetmark Inc. raised its stake in Electronic Arts by 0.4% during the fourth quarter. Assetmark Inc. now owns 51,381 shares of the game software company’s stock valued at $7,029,000 after buying an additional 226 shares in the last quarter. Quest Partners LLC acquired a new stake in Electronic Arts during the fourth quarter valued at approximately $1,801,000. Finally, STF Management LP raised its stake in Electronic Arts by 3.8% during the fourth quarter. STF Management LP now owns 4,587 shares of the game software company’s stock valued at $628,000 after buying an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total transaction of $101,312.00. Following the transaction, the insider now owns 26,283 shares in the company, valued at $3,328,479.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total transaction of $101,312.00. Following the transaction, the insider now owns 26,283 shares in the company, valued at $3,328,479.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Laura Miele sold 2,000 shares of Electronic Arts stock in a transaction on Friday, March 1st. The shares were sold at an average price of $139.08, for a total value of $278,160.00. Following the transaction, the chief operating officer now owns 36,772 shares in the company, valued at approximately $5,114,249.76. The disclosure for this sale can be found here. Insiders have sold 18,900 shares of company stock worth $2,509,342 in the last three months. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EA shares. StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft dropped their price target on Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Wedbush reiterated an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, May 8th. Robert W. Baird lowered their target price on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Finally, UBS Group lowered their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Electronic Arts Price Performance

Shares of NASDAQ EA traded down $0.74 during mid-day trading on Thursday, reaching $134.40. The company had a trading volume of 3,634,862 shares, compared to its average volume of 2,079,631. The company has a current ratio of 1.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock has a market cap of $35.93 billion, a PE ratio of 28.88, a P/E/G ratio of 2.05 and a beta of 0.78. The company has a 50-day moving average price of $129.53 and a two-hundred day moving average price of $134.67. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Wednesday, May 29th. Electronic Arts’s payout ratio is 16.24%.

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.