Toronto Dominion Bank Has $20.09 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Toronto Dominion Bank boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 137,319 shares of the game software company’s stock after acquiring an additional 11,891 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of Electronic Arts worth $20,090,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Intrust Bank NA lifted its holdings in Electronic Arts by 3.3% in the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock worth $362,000 after purchasing an additional 78 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Electronic Arts by 11.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock worth $119,000 after buying an additional 81 shares during the last quarter. Ballentine Partners LLC grew its stake in Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after buying an additional 82 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in Electronic Arts by 5.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,701 shares of the game software company’s stock worth $249,000 after acquiring an additional 90 shares during the period. Finally, CX Institutional raised its holdings in Electronic Arts by 3.9% in the 4th quarter. CX Institutional now owns 2,422 shares of the game software company’s stock worth $354,000 after acquiring an additional 91 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $155.57, for a total transaction of $388,925.00. Following the completion of the sale, the insider now directly owns 40,189 shares of the company’s stock, valued at approximately $6,252,202.73. The trade was a 5.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.11, for a total transaction of $130,110.00. Following the completion of the transaction, the chief financial officer now directly owns 9,516 shares in the company, valued at $1,238,126.76. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock valued at $3,342,580 in the last 90 days. 0.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EA shares. TD Cowen raised their price target on Electronic Arts from $160.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. increased their target price on Electronic Arts from $135.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Citigroup dropped their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Stifel Nicolaus lowered their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Finally, Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Fifteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $161.29.

Electronic Arts Price Performance

Electronic Arts stock opened at $150.48 on Tuesday. The business’s fifty day moving average is $144.79 and its two-hundred day moving average is $144.97. 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 firm has a market cap of $37.74 billion, a P/E ratio of 38.29, a P/E/G ratio of 3.58 and a beta of 0.74. 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 declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts’s dividend payout ratio (DPR) is 17.92%.

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.