Simon Quick Advisors LLC Grows Position in Electronic Arts Inc. (NASDAQ:EA)

Simon Quick Advisors LLC raised its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 10.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,321 shares of the game software company’s stock after buying an additional 406 shares during the quarter. Simon Quick Advisors LLC’s holdings in Electronic Arts were worth $624,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in Electronic Arts by 689.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,238,496 shares of the game software company’s stock valued at $178,987,000 after purchasing an additional 1,081,589 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in Electronic Arts by 353.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock valued at $185,692,000 after buying an additional 989,319 shares during the last quarter. FMR LLC raised its stake in Electronic Arts by 224.8% in the fourth quarter. FMR LLC now owns 1,207,854 shares of the game software company’s stock valued at $176,709,000 after buying an additional 835,985 shares during the last quarter. Royal Bank of Canada raised its stake in Electronic Arts by 130.0% in the fourth quarter. Royal Bank of Canada now owns 1,201,353 shares of the game software company’s stock valued at $175,758,000 after buying an additional 679,032 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Electronic Arts by 11,587.9% in the first quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company’s stock valued at $96,737,000 after buying an additional 663,640 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Down 1.0%

Shares of NASDAQ:EA opened at $148.48 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $146.88 and a two-hundred day moving average of $143.29. The stock has a market cap of $37.23 billion, a P/E ratio of 37.78, a PEG ratio of 3.58 and a beta of 0.71. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.51%. The ex-dividend date is Wednesday, May 28th. Electronic Arts’s payout ratio is currently 17.92%.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the transaction, the insider now owns 26,216 shares of the company’s stock, valued at approximately $3,801,320. This represents a 3.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the transaction, the chief executive officer now directly owns 32,615 shares in the company, valued at approximately $4,647,637.50. The trade was a 13.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,729 shares of company stock worth $4,107,664 in the last three months. 0.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EA. Robert W. Baird set a $168.00 price target on Electronic Arts in a research note on Wednesday, May 7th. Wedbush raised their price objective on Electronic Arts from $179.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Roth Capital restated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, May 7th. Citigroup restated a “neutral” rating and issued a $153.00 price objective (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Finally, Hsbc Global Res upgraded Electronic Arts from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and a consensus target price of $161.88.

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.