5,514 Shares in Electronic Arts Inc. (NASDAQ:EA) Bought by Quadrature Capital Ltd

Quadrature Capital Ltd acquired a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,514 shares of the game software company's stock, valued at approximately $791,000.

Several other large investors also recently modified their holdings of EA. D. E. Shaw & Co. Inc. boosted its holdings in shares of Electronic Arts by 43.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company's stock worth $193,727,000 after buying an additional 420,382 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Electronic Arts by 214.8% during the 2nd quarter. National Bank of Canada FI now owns 533,548 shares of the game software company's stock valued at $73,264,000 after acquiring an additional 364,044 shares during the period. Dimensional Fund Advisors LP boosted its stake in Electronic Arts by 29.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company's stock worth $215,725,000 after acquiring an additional 354,005 shares in the last quarter. abrdn plc grew its holdings in Electronic Arts by 59.2% in the third quarter. abrdn plc now owns 858,840 shares of the game software company's stock worth $123,484,000 after purchasing an additional 319,335 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Electronic Arts by 8,503.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company's stock valued at $45,626,000 after purchasing an additional 314,388 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the sale, the chief executive officer now directly owns 52,615 shares in the company, valued at approximately $8,758,819.05. The trade was a 8.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the transaction, the insider now owns 29,190 shares of the company's stock, valued at approximately $4,181,175.60. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,000 shares of company stock valued at $3,086,270. 0.22% of the stock is owned by company insiders.

Analyst Ratings Changes

EA has been the subject of several research reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $160.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. BNP Paribas raised Electronic Arts to a "strong-buy" rating in a research note on Wednesday, October 9th. Robert W. Baird upped their target price on Electronic Arts from $170.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. DZ Bank raised shares of Electronic Arts from a "hold" rating to a "buy" rating and lifted their price target for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. Finally, Roth Mkm upped their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.37.

Electronic Arts Stock Performance

Shares of NASDAQ:EA traded up $1.39 during midday trading on Friday, reaching $167.01. The company had a trading volume of 1,651,787 shares, compared to its average volume of 1,744,879. The stock has a market cap of $43.80 billion, a P/E ratio of 42.93, a P/E/G ratio of 2.19 and a beta of 0.79. The company's 50 day moving average price is $153.97 and its 200 day moving average price is $146.48. 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 52-week low of $124.92 and a 52-week high of $168.50.

Electronic Arts Dividend Announcement

The business also recently declared 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. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.46%. Electronic Arts's payout ratio is currently 19.54%.

About Electronic Arts

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.