Marco Investment Management LLC Has $300,000 Holdings in Electronic Arts Inc. (NASDAQ:EA)

Marco Investment Management LLC grew its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,150 shares of the game software company’s stock after acquiring an additional 110 shares during the period. Marco Investment Management LLC’s holdings in Electronic Arts were worth $300,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in EA. North Star Investment Management Corp. raised its holdings in Electronic Arts by 333.3% during the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after buying an additional 150 shares in the last quarter. Cape Investment Advisory Inc. increased its holdings in shares of Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after acquiring an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Electronic Arts in the 1st quarter valued at approximately $27,000. Opal Wealth Advisors LLC acquired a new stake in Electronic Arts in the 2nd quarter worth approximately $28,000. Finally, Private Wealth Management Group LLC bought a new stake in Electronic Arts during the fourth quarter worth approximately $31,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Down 0.3 %

Shares of Electronic Arts stock opened at $143.80 on Wednesday. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $153.51. The firm has a market capitalization of $37.99 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.16 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. The company’s fifty day moving average price is $145.89 and its two-hundred day moving average price is $137.51.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date is Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Insiders Place Their Bets

In related news, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $141.01, for a total transaction of $211,515.00. Following the completion of the transaction, the chief financial officer now owns 10,553 shares in the company, valued at approximately $1,488,078.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total value of $211,515.00. Following the sale, the chief financial officer now owns 10,553 shares of the company’s stock, valued at approximately $1,488,078.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the transaction, the insider now directly owns 30,190 shares of the company’s stock, valued at $4,579,823. The disclosure for this sale can be found here. Insiders sold a total of 27,070 shares of company stock worth $3,963,638 over the last quarter. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EA shares. StockNews.com upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. TD Cowen boosted their target price on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Benchmark raised their price target on Electronic Arts from $153.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. UBS Group boosted their price objective on Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, Jefferies Financial Group initiated coverage on Electronic Arts in a report on Thursday, July 11th. They issued a “buy” rating and a $165.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.28.

Electronic Arts Company 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.