Addison Capital Co Boosts Stock Holdings in Electronic Arts Inc. $EA

Addison Capital Co lifted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 17.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,528 shares of the game software company’s stock after purchasing an additional 534 shares during the period. Addison Capital Co’s holdings in Electronic Arts were worth $510,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EA. Vanguard Group Inc. raised its stake in Electronic Arts by 0.5% in the first quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock worth $4,198,607,000 after buying an additional 150,438 shares in the last quarter. Independent Franchise Partners LLP increased its holdings in shares of Electronic Arts by 2.3% in the 1st quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company’s stock valued at $570,233,000 after acquiring an additional 88,767 shares during the period. Invesco Ltd. raised its position in shares of Electronic Arts by 15.6% in the 1st quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company’s stock worth $539,563,000 after acquiring an additional 504,760 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Electronic Arts by 62.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock worth $470,197,000 after purchasing an additional 1,254,194 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Electronic Arts by 197.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company’s stock worth $421,524,000 after purchasing an additional 1,936,313 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Argus set a $170.00 target price on Electronic Arts in a research note on Friday, May 16th. Arete raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price objective on the stock in a research report on Tuesday, August 5th. Bank of America increased their target price on shares of Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Citigroup restated a “neutral” rating and issued a $153.00 target price (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Finally, Wedbush reaffirmed an “outperform” rating and set a $210.00 price target on shares of Electronic Arts in a research report on Monday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $167.12.

Electronic Arts Trading Up 2.5%

Shares of Electronic Arts stock opened at $170.27 on Thursday. The firm’s 50 day simple moving average is $162.35 and its two-hundred day simple moving average is $151.15. The firm has a market capitalization of $42.60 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 2.14 and a beta of 0.75. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $180.90. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 19.05%.

Insider Activity at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $171.06, for a total transaction of $171,060.00. Following the sale, the chief financial officer owned 15,140 shares in the company, valued at approximately $2,589,848.40. The trade was a 6.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total value of $855,250.00. Following the completion of the transaction, the chief executive officer directly owned 52,393 shares in the company, valued at $8,961,822.65. This represents a 8.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,900 shares of company stock worth $4,778,597 in the last quarter. 0.24% of the stock is owned by insiders.

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.