Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 1,264.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,750 shares of the game software company’s stock after buying an additional 94,295 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Electronic Arts were worth $14,886,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Royal Bank of Canada boosted its holdings 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 purchasing an additional 679,032 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in Electronic Arts by 4.9% in the fourth quarter. Rafferty Asset Management LLC now owns 107,677 shares of the game software company’s stock valued at $15,753,000 after purchasing an additional 5,017 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in Electronic Arts in the fourth quarter valued at about $5,426,000. Polar Capital Holdings Plc purchased a new position in Electronic Arts in the fourth quarter valued at about $48,806,000. Finally, ProShare Advisors LLC boosted its holdings in Electronic Arts by 17.8% in the fourth quarter. ProShare Advisors LLC now owns 335,092 shares of the game software company’s stock valued at $49,024,000 after purchasing an additional 50,538 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction 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 transaction, the insider now owns 26,216 shares in the company, valued at approximately $3,801,320. The trade was a 3.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the transaction, the chief executive officer now owns 37,615 shares in the company, valued at $4,895,216.10. This represents a 11.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,500 shares of company stock valued at $3,342,580 over the last three months. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Up 1.3%

EA opened at $151.54 on Friday. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The stock’s fifty day moving average is $144.51 and its 200-day moving average is $145.02. The company has a market capitalization of $38.00 billion, a PE ratio of 38.56, a P/E/G ratio of 3.58 and a beta of 0.74.

Electronic Arts Announces Dividend

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

Wall Street Analyst Weigh In

EA has been the subject of a number of analyst reports. Oppenheimer increased their price target on Electronic Arts from $170.00 to $185.00 and gave the company an “outperform” rating in a 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. BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a research report on Monday, January 27th. Stifel Nicolaus decreased their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Finally, Ascendiant Capital Markets lifted their target price on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Fifteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and an average target price of $161.83.

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.