Stifel Financial Corp Raises Holdings in Electronic Arts Inc. (NASDAQ:EA)

Stifel Financial Corp lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 11.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 168,513 shares of the game software company's stock after purchasing an additional 17,375 shares during the quarter. Stifel Financial Corp owned 0.06% of Electronic Arts worth $24,180,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. increased its stake in Electronic Arts by 43.3% in 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 acquiring an additional 420,382 shares during the last quarter. National Bank of Canada FI increased its stake in Electronic Arts by 214.8% in the 2nd quarter. National Bank of Canada FI now owns 533,548 shares of the game software company's stock worth $73,264,000 after acquiring an additional 364,044 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Electronic Arts by 29.6% in the 2nd 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 during the last quarter. abrdn plc increased its stake in Electronic Arts by 59.2% in the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company's stock worth $123,484,000 after acquiring an additional 319,335 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Electronic Arts by 8,503.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company's stock worth $45,626,000 after acquiring an additional 314,388 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Trading Down 0.8 %

EA traded down $1.40 during midday trading on Monday, reaching $165.61. 1,098,810 shares of the company's stock traded hands, compared to its average volume of 2,036,530. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50. The stock has a market capitalization of $43.43 billion, a price-to-earnings ratio of 42.93, a P/E/G ratio of 2.18 and a beta of 0.79. The firm has a fifty day moving average of $153.97 and a two-hundred day moving average of $146.56. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a $0.19 dividend. This represents a $0.76 annualized dividend 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%.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total transaction of $353,750.00. Following the completion of the transaction, the chief executive officer now owns 54,247 shares of the company's stock, valued at $7,675,950.50. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $146.58, for a total value of $219,870.00. Following the transaction, the executive vice president now directly owns 26,360 shares of the company's stock, valued at approximately $3,863,848.80. This trade represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,000 shares of company stock valued at $3,086,270. Corporate insiders own 0.22% of the company's stock.

Wall Street Analyst Weigh In

EA has been the subject of a number of research reports. DZ Bank upgraded Electronic Arts from a "hold" rating to a "buy" rating and upped their price objective for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Argus upped their price objective on Electronic Arts from $161.00 to $183.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Benchmark reiterated a "buy" rating and issued a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, October 30th. UBS Group upped their price objective on Electronic Arts from $155.00 to $160.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $160.00 price objective (up from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $165.37.

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.