Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC increased its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 20.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 54,953 shares of the game software company's stock after purchasing an additional 9,209 shares during the period. Chartwell Investment Partners LLC's holdings in Electronic Arts were worth $7,882,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EA. Cullen Frost Bankers Inc. increased its holdings in Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company's stock worth $394,000 after purchasing an additional 79 shares in the last quarter. Shepherd Financial Partners LLC grew its stake in Electronic Arts by 1.6% in the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company's stock valued at $816,000 after purchasing an additional 88 shares during the last quarter. Grove Bank & Trust increased its holdings in Electronic Arts by 23.5% in the second quarter. Grove Bank & Trust now owns 494 shares of the game software company's stock valued at $69,000 after buying an additional 94 shares in the last quarter. CWM LLC raised its holdings in 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 buying an additional 95 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its position in shares of Electronic Arts by 4.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company's stock worth $291,000 after purchasing an additional 97 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Laura Miele sold 2,500 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the completion of the sale, the insider now directly owns 50,433 shares of the company's stock, valued at $7,969,926.99. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the transaction, the insider now owns 28,190 shares in the company, valued at approximately $4,251,897.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the sale, the insider now owns 50,433 shares of the company's stock, valued at approximately $7,969,926.99. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,144 shares of company stock valued at $3,886,282. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Up 2.2 %

NASDAQ EA traded up $3.48 during trading hours on Tuesday, reaching $162.87. 2,714,668 shares of the company's stock were exchanged, compared to its average volume of 2,055,940. Electronic Arts Inc. has a one year low of $124.92 and a one year high of $163.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.43. The company has a market capitalization of $42.72 billion, a price-to-earnings ratio of 40.97, a price-to-earnings-growth ratio of 2.06 and a beta of 0.78. The company's 50-day moving average is $145.82 and its two-hundred day moving average is $141.66.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.47%. Electronic Arts's dividend payout ratio is presently 19.54%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EA. BMO Capital Markets reissued an "outperform" rating and set a $160.00 price objective (up previously from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. StockNews.com raised Electronic Arts from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 31st. Robert W. Baird raised their price objective on Electronic Arts from $170.00 to $175.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. TD Cowen increased their price target on Electronic Arts from $163.00 to $183.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Finally, DZ Bank raised Electronic Arts from a "hold" rating to a "buy" rating and lifted their price objective for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $165.37.

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.