Atria Investments Inc Has $1.77 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Atria Investments Inc lifted its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 86.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,362 shares of the game software company's stock after buying an additional 5,733 shares during the quarter. Atria Investments Inc's holdings in Electronic Arts were worth $1,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Electronic Arts by 14.7% in the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company's stock worth $3,868,620,000 after purchasing an additional 3,727,251 shares during the last quarter. Park Avenue Securities LLC grew its position in Electronic Arts by 34.9% during the second quarter. Park Avenue Securities LLC now owns 14,227 shares of the game software company's stock worth $1,982,000 after buying an additional 3,681 shares in the last quarter. Greenwood Capital Associates LLC bought a new position in Electronic Arts during the third quarter valued at about $5,597,000. Bessemer Group Inc. raised its holdings in Electronic Arts by 97.5% in the 1st quarter. Bessemer Group Inc. now owns 19,751 shares of the game software company's stock valued at $2,620,000 after acquiring an additional 9,753 shares in the last quarter. Finally, Czech National Bank lifted its position in shares of Electronic Arts by 8.3% in the 2nd quarter. Czech National Bank now owns 46,360 shares of the game software company's stock worth $6,459,000 after acquiring an additional 3,554 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In other news, CFO Stuart Canfield sold 1,260 shares of the business's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $148.37, for a total value of $186,946.20. Following the sale, the chief financial officer now owns 7,553 shares of the company's stock, valued at $1,120,638.61. The trade was a 14.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the business's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the sale, the insider now directly owns 31,190 shares in the company, valued at $4,675,692.90. This trade represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,144 shares of company stock valued at $3,886,282. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EA shares. DZ Bank upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and increased their price objective for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $160.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Benchmark reaffirmed a "buy" rating and set a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, October 30th. Roth Mkm raised their target price on Electronic Arts from $154.00 to $158.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Finally, Wedbush reiterated an "outperform" rating and issued a $170.00 price target on shares of Electronic Arts in a research report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $165.37.

Electronic Arts Trading Down 1.7 %

Shares of EA stock traded down $2.76 on Friday, reaching $161.36. The company had a trading volume of 2,036,594 shares, compared to its average volume of 2,055,523. The company has a 50-day moving average of $147.17 and a 200-day moving average of $142.55. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $164.42. The stock has a market cap of $42.32 billion, a PE ratio of 41.48, a PEG ratio of 2.13 and a beta of 0.78. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Wednesday, November 27th. Electronic Arts's dividend payout ratio is currently 19.54%.

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.