Los Angeles Capital Management LLC Invests $40.15 Million in Electronic Arts Inc. (NASDAQ:EA)

Los Angeles Capital Management LLC bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 279,939 shares of the game software company's stock, valued at approximately $40,154,000. Los Angeles Capital Management LLC owned approximately 0.11% of Electronic Arts at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. increased its holdings in shares of Electronic Arts by 2.9% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company's stock valued at $394,000 after acquiring an additional 79 shares during the last quarter. Shepherd Financial Partners LLC increased its holdings in shares of Electronic Arts by 1.6% in the 3rd quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company's stock valued at $816,000 after acquiring an additional 88 shares during the last quarter. Grove Bank & Trust increased its holdings in shares of Electronic Arts by 23.5% in the 2nd quarter. Grove Bank & Trust now owns 494 shares of the game software company's stock valued at $69,000 after acquiring an additional 94 shares during the last quarter. CWM LLC increased its holdings in shares of Electronic Arts by 1.5% in the 3rd quarter. CWM LLC now owns 6,302 shares of the game software company's stock valued at $904,000 after acquiring an additional 95 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of Electronic Arts by 4.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company's stock valued at $291,000 after acquiring an additional 97 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EA. Morgan Stanley restated an "equal weight" rating and set a $150.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. BMO Capital Markets restated an "outperform" rating and set a $160.00 price target (up previously from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. BNP Paribas upgraded Electronic Arts to a "strong-buy" rating in a research note on Wednesday, October 9th. Citigroup downgraded Electronic Arts from a "buy" rating to a "neutral" rating and raised their price target for the stock from $148.00 to $161.00 in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. lowered their target price on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $165.37.

Electronic Arts Price Performance

Shares of NASDAQ:EA traded up $1.48 on Monday, hitting $159.39. The company had a trading volume of 1,226,455 shares, compared to its average volume of 2,052,918. The company has a current ratio of 1.43, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $160.31. The business has a 50 day moving average of $145.82 and a 200 day moving average of $141.66. The company has a market cap of $41.80 billion, a PE ratio of 40.97, a PEG ratio of 2.06 and a beta of 0.78.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.48%. Electronic Arts's dividend payout ratio is currently 19.54%.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the transaction, the insider now directly owns 30,190 shares in the company, valued at approximately $4,579,823. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the transaction, the insider now directly owns 30,190 shares in the company, valued at approximately $4,579,823. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the company's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $148.88, for a total value of $372,200.00. Following the completion of the transaction, the chief executive officer now owns 56,747 shares of the company's stock, valued at $8,448,493.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,144 shares of company stock worth $3,886,282 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

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.