Electronic Arts Inc. (NASDAQ:EA) Stock Holdings Boosted by Waverly Advisors LLC

Waverly Advisors LLC raised its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 30.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,912 shares of the game software company’s stock after purchasing an additional 11,987 shares during the quarter. Waverly Advisors LLC’s holdings in Electronic Arts were worth $7,448,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intrust Bank NA increased its stake in shares of Electronic Arts by 3.3% in the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock worth $362,000 after purchasing an additional 78 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Electronic Arts by 11.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock worth $119,000 after purchasing an additional 81 shares during the period. Ballentine Partners LLC increased its stake in shares of Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock worth $550,000 after purchasing an additional 82 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of Electronic Arts by 5.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,701 shares of the game software company’s stock worth $249,000 after purchasing an additional 90 shares during the period. Finally, CX Institutional increased its stake in shares of Electronic Arts by 3.9% in the fourth quarter. CX Institutional now owns 2,422 shares of the game software company’s stock worth $354,000 after purchasing an additional 91 shares during the period. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Performance

NASDAQ:EA opened at $151.92 on Wednesday. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The firm has a 50 day moving average of $145.08 and a 200-day moving average of $145.02. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $38.10 billion, a P/E ratio of 38.66, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Wednesday, May 28th. Electronic Arts’s dividend payout ratio (DPR) is currently 17.92%.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $155.57, for a total value of $388,925.00. Following the completion of the transaction, the insider now owns 40,189 shares in the company, valued at $6,252,202.73. The trade was a 5.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares of the company’s stock, valued at $3,801,320. This trade represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,500 shares of company stock worth $3,342,580. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

EA has been the topic of a number of recent research reports. HSBC raised Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Wednesday, May 7th. Oppenheimer lifted their target price on Electronic Arts from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Roth Capital reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, May 7th. Benchmark lifted their target price on Electronic Arts from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group lifted their target price on Electronic Arts from $135.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Fifteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and a consensus price target of $161.29.

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.