11,915 Shares in Electronic Arts Inc. (NASDAQ:EA) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,915 shares of the game software company's stock, valued at approximately $1,709,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its stake in shares of Electronic Arts by 6.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,984 shares of the game software company's stock worth $834,000 after buying an additional 345 shares during the last quarter. Wedmont Private Capital grew its position in shares of Electronic Arts by 17.2% in the second quarter. Wedmont Private Capital now owns 2,198 shares of the game software company's stock valued at $320,000 after purchasing an additional 322 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Electronic Arts by 18.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,419 shares of the game software company's stock worth $1,173,000 after purchasing an additional 1,294 shares during the period. Assenagon Asset Management S.A. grew its holdings in Electronic Arts by 206.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 81,679 shares of the game software company's stock valued at $11,380,000 after buying an additional 55,020 shares in the last quarter. Finally, PICTET BANK & TRUST Ltd increased its position in Electronic Arts by 3.9% during the 2nd quarter. PICTET BANK & TRUST Ltd now owns 8,615 shares of the game software company's stock worth $1,200,000 after buying an additional 320 shares during the period. 90.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total transaction of $353,750.00. Following the completion of the sale, the chief executive officer now directly owns 54,247 shares of the company's stock, valued at approximately $7,675,950.50. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction that occurred on 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 sale, the insider now directly 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. Over the last 90 days, insiders have sold 20,000 shares of company stock valued at $3,086,270. Company insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Robert W. Baird raised their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. BMO Capital Markets reaffirmed an "outperform" rating and set a $160.00 target price (up from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. UBS Group boosted 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. BNP Paribas upgraded Electronic Arts to a "strong-buy" rating in a research note on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $160.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $165.37.

Electronic Arts Stock Down 0.8 %

EA stock traded down $1.38 during mid-day trading on Wednesday, reaching $163.92. 2,709,289 shares of the company traded hands, compared to its average volume of 2,037,857. 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's 50 day moving average price is $154.87 and its 200 day moving average price is $147.00. The stock has a market cap of $42.99 billion, a price-to-earnings ratio of 42.49, a P/E/G ratio of 2.18 and a beta of 0.79. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50.

Electronic Arts Dividend Announcement

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

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.