21,097 Shares in Electronic Arts Inc. (NASDAQ:EA) Acquired by Portfolio Design Labs LLC

Portfolio Design Labs LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 21,097 shares of the game software company’s stock, valued at approximately $3,026,000.

Several other large investors also recently made changes to their positions in EA. Price T Rowe Associates Inc. MD raised its position in Electronic Arts by 496.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock valued at $333,169,000 after buying an additional 2,090,504 shares during the last quarter. Swedbank AB acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $201,935,000. Jericho Capital Asset Management L.P. acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $189,055,000. Manning & Napier Advisors LLC bought a new stake in shares of Electronic Arts in the second quarter worth $188,159,000. Finally, Capital International Investors boosted its holdings in Electronic Arts by 16.4% during the first quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock worth $782,920,000 after purchasing an additional 833,492 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $166.13 on Wednesday. Electronic Arts Inc. has a one year low of $124.92 and a one year high of $166.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $43.57 billion, a price-to-earnings ratio of 42.71, a P/E/G ratio of 2.11 and a beta of 0.78. The stock’s fifty day moving average price is $148.01 and its two-hundred day moving average price is $143.16.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

Analyst Upgrades and Downgrades

Several brokerages have commented on EA. The Goldman Sachs Group boosted their price target on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Wedbush reissued an “outperform” rating and set a $170.00 price target on shares of Electronic Arts in a research report on Friday, October 25th. Raymond James raised their price target on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Roth Mkm upped their price objective on Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, UBS Group raised their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.37.

Insider Buying and Selling at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $163.30, for a total transaction of $244,950.00. Following the completion of the sale, the executive vice president now owns 23,360 shares of the company’s stock, valued at $3,814,688. This represents a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares in the company, valued at approximately $4,675,692.90. This represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,384 shares of company stock valued at $3,944,285 in the last quarter. Company insiders own 0.22% of the company’s stock.

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.