5,956 Shares in Electronic Arts Inc. (NASDAQ:EA) Acquired by MQS Management LLC

MQS Management LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,956 shares of the game software company's stock, valued at approximately $854,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its holdings in Electronic Arts by 13.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 348,670 shares of the game software company's stock worth $46,258,000 after acquiring an additional 41,567 shares in the last quarter. Vanguard Group Inc. raised its position in Electronic Arts by 14.7% during 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 lifted its holdings in Electronic Arts by 34.9% during the 2nd 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 during the period. Greenwood Capital Associates LLC bought a new stake in shares of Electronic Arts in the 3rd quarter valued at about $5,597,000. Finally, Sei Investments Co. increased its stake in shares of Electronic Arts by 17.0% in the first quarter. Sei Investments Co. now owns 130,988 shares of the game software company's stock valued at $17,379,000 after buying an additional 18,985 shares during the period. Institutional investors and hedge funds own 90.23% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EA shares. JPMorgan Chase & Co. lowered their target price on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. Robert W. Baird lifted 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. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $160.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. BMO Capital Markets reaffirmed an "outperform" rating and set a $160.00 target price (up previously from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Finally, Bank of America upped their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Eight equities 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 company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $165.37.

Insider Activity at Electronic Arts

In other news, CFO Stuart Canfield sold 1,260 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $148.37, for a total value of $186,946.20. Following the completion of the transaction, the chief financial officer now owns 7,553 shares in the company, valued at $1,120,638.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Electronic Arts news, CFO Stuart Canfield sold 1,260 shares of the firm's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $148.37, for a total value of $186,946.20. Following the sale, the chief financial officer now directly owns 7,553 shares of the company's stock, valued at approximately $1,120,638.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the sale, the insider now directly owns 50,433 shares in the company, 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. Insiders sold 26,144 shares of company stock valued at $3,886,282 over the last three months. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Trading Down 0.1 %

NASDAQ EA traded down $0.15 during trading on Wednesday, hitting $162.72. The stock had a trading volume of 2,080,501 shares, compared to its average volume of 2,056,475. The company has a market capitalization of $42.68 billion, a PE ratio of 41.69, a PEG ratio of 2.13 and a beta of 0.78. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $146.15 and a 200 day moving average price of $141.91. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $163.00.

Electronic Arts Announces Dividend

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 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 of this dividend is Wednesday, November 27th. Electronic Arts's dividend payout ratio is presently 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.