iA Global Asset Management Inc. Boosts Stock Position in Electronic Arts Inc. (NASDAQ:EA)

iA Global Asset Management Inc. lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 22.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 44,039 shares of the game software company's stock after acquiring an additional 7,936 shares during the period. iA Global Asset Management Inc.'s holdings in Electronic Arts were worth $6,317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC boosted its position in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its position in Electronic Arts by 5.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company's stock worth $225,000 after purchasing an additional 76 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in Electronic Arts by 2.9% during the second quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company's stock valued at $394,000 after buying an additional 79 shares during the period. Shepherd Financial Partners LLC increased its stake 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 worth $816,000 after purchasing an additional 88 shares in the last quarter. Finally, Grove Bank & Trust raised its stake in Electronic Arts by 23.5% during the 2nd quarter. Grove Bank & Trust now owns 494 shares of the game software company's stock worth $69,000 after acquiring an additional 94 shares during the period. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Trading Up 0.8 %

Shares of EA stock traded up $1.39 on Friday, reaching $167.01. 1,651,787 shares of the company's stock were exchanged, compared to its average volume of 1,744,879. The company's fifty day simple moving average is $153.97 and its 200 day simple moving average is $146.48. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $43.80 billion, a PE ratio of 42.93, a P/E/G ratio of 2.19 and a beta of 0.79.

Electronic Arts Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EA shares. JPMorgan Chase & Co. reduced their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $160.00 target price (up from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. UBS Group increased their price target on Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Robert W. Baird increased their target price on Electronic Arts from $170.00 to $175.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, DZ Bank raised shares of Electronic Arts from a "hold" rating to a "buy" rating and raised their target price for the company from $135.00 to $177.00 in a report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $165.37.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the sale, the insider now directly owns 30,216 shares of the company's stock, valued at $4,969,021.20. This represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the firm's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total transaction of $353,750.00. Following the transaction, the chief executive officer now directly owns 54,247 shares in the company, valued at $7,675,950.50. This trade represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,000 shares of company stock valued at $3,086,270 in the last 90 days. Company insiders own 0.22% of the company's stock.

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.