Fifth Third Wealth Advisors LLC Purchases Shares of 4,574 Electronic Arts Inc. (NASDAQ:EA)

Fifth Third Wealth Advisors LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,574 shares of the game software company's stock, valued at approximately $637,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EA. Jennison Associates LLC boosted its position in Electronic Arts by 1.3% during the fourth quarter. Jennison Associates LLC now owns 6,339 shares of the game software company's stock worth $867,000 after purchasing an additional 84 shares during the period. MCF Advisors LLC lifted its stake in shares of Electronic Arts by 36.9% in the fourth quarter. MCF Advisors LLC now owns 356 shares of the game software company's stock worth $49,000 after acquiring an additional 96 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in shares of Electronic Arts by 4.6% in the 1st 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 during the period. Claro Advisors LLC boosted its position in Electronic Arts by 5.6% during the first quarter. Claro Advisors LLC now owns 1,881 shares of the game software company's stock valued at $250,000 after acquiring an additional 100 shares during the last quarter. Finally, Cape Investment Advisory Inc. grew its stake in Electronic Arts by 102.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company's stock worth $27,000 after purchasing an additional 101 shares during the period. Institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Down 1.7 %

Shares of Electronic Arts stock traded down $2.62 on Thursday, hitting $147.13. The company had a trading volume of 1,424,309 shares, compared to its average volume of 2,138,220. The stock has a market capitalization of $39.10 billion, a price-to-earnings ratio of 31.44, a P/E/G ratio of 2.28 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.37 and a current ratio of 1.45. The stock has a 50 day moving average of $143.35 and a 200-day moving average of $136.80. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $153.51.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Wednesday, August 28th. Electronic Arts's dividend payout ratio (DPR) is 16.24%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EA shares. Stifel Nicolaus raised their price target on Electronic Arts from $165.00 to $167.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Roth Mkm upped their price objective on Electronic Arts from $135.00 to $152.00 and gave the company a "neutral" rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft reduced their price target on Electronic Arts from $153.00 to $150.00 and set a "hold" rating for the company in a research report on Thursday, May 9th. TD Cowen upped their price objective on Electronic Arts from $163.00 to $183.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group started coverage on Electronic Arts in a research note on Thursday, July 11th. They issued a "buy" rating and a $165.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a 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 $161.28.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 2,500 shares of the company's stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $132.24, for a total transaction of $330,600.00. Following the transaction, the chief executive officer now directly owns 64,247 shares of the company's stock, valued at $8,496,023.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of the firm's stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $132.24, for a total value of $330,600.00. Following the completion of the transaction, the chief executive officer now directly owns 64,247 shares of the company's stock, valued at $8,496,023.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Stuart Canfield sold 1,260 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 7,553 shares in the company, valued at approximately $1,120,638.61. The disclosure for this sale can be found here. Insiders have sold 17,986 shares of company stock valued at $2,545,726 in the last ninety days. Company insiders own 0.22% of the company's stock.

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.