QRG Capital Management Inc. Grows Stock Holdings in Electronic Arts Inc. $EA

QRG Capital Management Inc. raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 22,085 shares of the game software company’s stock after buying an additional 161 shares during the quarter. QRG Capital Management Inc.’s holdings in Electronic Arts were worth $3,527,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts in the 1st quarter valued at about $28,000. Bank of Jackson Hole Trust raised its position in Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after purchasing an additional 75 shares during the period. ORG Partners LLC lifted its stake in shares of Electronic Arts by 47.6% in the 2nd quarter. ORG Partners LLC now owns 251 shares of the game software company’s stock valued at $40,000 after purchasing an additional 81 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Electronic Arts in the 1st quarter valued at approximately $39,000. Finally, Costello Asset Management INC purchased a new position in shares of Electronic Arts in the 1st quarter worth approximately $40,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Trading Down 0.1%

Shares of EA opened at $200.46 on Tuesday. The firm has a market capitalization of $50.16 billion, a price-to-earnings ratio of 50.24, a PEG ratio of 3.03 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $203.75. The company has a 50-day moving average of $173.42 and a 200 day moving average of $157.15.

Electronic Arts Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently issued reports on EA shares. Baird R W downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. 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 note on Wednesday, July 30th. Arete Research set a $192.00 price target on shares of Electronic Arts in a research note on Tuesday, August 5th. Argus upped their price target on shares of Electronic Arts from $180.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $177.00.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $172.79, for a total transaction of $863,950.00. Following the transaction, the chief executive officer directly owned 47,393 shares in the company, valued at $8,189,036.47. This trade represents a 9.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction on Monday, September 29th. The shares were sold at an average price of $203.40, for a total value of $244,080.00. Following the sale, the insider directly owned 33,531 shares of the company’s stock, valued at approximately $6,820,205.40. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,000 shares of company stock valued at $7,247,635 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

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.