First Horizon Advisors Inc. Has $13.60 Million Position in Electronic Arts Inc. (NASDAQ:EA)

First Horizon Advisors Inc. raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 4.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,841 shares of the game software company's stock after buying an additional 3,650 shares during the period. First Horizon Advisors Inc.'s holdings in Electronic Arts were worth $13,604,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new position in shares of Electronic Arts in the third quarter worth about $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the second quarter worth $28,000. Family Firm Inc. acquired a new position in Electronic Arts in the 2nd quarter valued at approximately $33,000. Reston Wealth Management LLC acquired a new stake in Electronic Arts during the 3rd quarter worth $36,000. Finally, Gradient Investments LLC grew its stake in Electronic Arts by 592.1% in the second quarter. Gradient Investments LLC now owns 263 shares of the game software company's stock valued at $37,000 after acquiring an additional 225 shares during the period. Institutional investors and hedge funds own 90.23% of the company's stock.

Analyst Upgrades and Downgrades

EA has been the subject of several recent analyst reports. BNP Paribas raised Electronic Arts to a "strong-buy" rating in a report on Wednesday, October 9th. Morgan Stanley restated an "equal weight" rating and issued a $150.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Bank of America increased their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Argus upped their price target on Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price objective on Electronic Arts from $139.00 to $150.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Electronic Arts presently has an average rating of "Moderate Buy" and a consensus price target of $165.37.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $148.88, for a total transaction of $372,200.00. Following the sale, the chief executive officer now directly owns 56,747 shares of the company's stock, valued at approximately $8,448,493.36. This represents a 4.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 7,384 shares of the firm's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the sale, the insider now directly owns 31,190 shares in the company, valued at approximately $4,675,692.90. This trade represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,384 shares of company stock worth $3,944,285 in the last quarter. 0.22% of the stock is owned by insiders.

Electronic Arts Stock Up 0.3 %

NASDAQ:EA traded up $0.58 during midday trading on Wednesday, hitting $166.71. 2,056,346 shares of the company were exchanged, compared to its average volume of 2,055,460. 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 Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $167.51. The company has a market capitalization of $43.72 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company has a fifty day simple moving average of $148.01 and a 200 day simple moving average of $143.16.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts's payout ratio is 19.54%.

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.