Electronic Arts Inc. (NASDAQ:EA) Position Increased by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. raised its position in Electronic Arts Inc. (NASDAQ:EA) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,490 shares of the game software company’s stock after purchasing an additional 783 shares during the quarter. GF Fund Management CO. LTD.’s holdings in Electronic Arts were worth $7,297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after purchasing an additional 294 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Electronic Arts by 37.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the game software company’s stock worth $210,000 after buying an additional 392 shares during the last quarter. Jones Financial Companies Lllp increased its position in Electronic Arts by 155.9% during the fourth quarter. Jones Financial Companies Lllp now owns 2,741 shares of the game software company’s stock worth $401,000 after buying an additional 1,670 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Electronic Arts during the fourth quarter valued at about $41,000. Finally, Plato Investment Management Ltd lifted its position in shares of Electronic Arts by 67.8% in the fourth quarter. Plato Investment Management Ltd now owns 668 shares of the game software company’s stock worth $98,000 after buying an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ:EA opened at $155.35 on Friday. The firm has a market capitalization of $39.03 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 2.13 and a beta of 0.73. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The firm has a 50-day moving average price of $150.47 and a 200 day moving average price of $142.43.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Wednesday, May 28th. Electronic Arts’s dividend payout ratio (DPR) is currently 17.92%.

Analyst Ratings Changes

A number of research analysts have recently commented on EA shares. Hsbc Global Res raised Electronic Arts from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 7th. Morgan Stanley increased their price target on Electronic Arts from $135.00 to $148.00 and gave the company an “equal weight” rating in a report on Wednesday, May 7th. TD Cowen lifted their price target on shares of Electronic Arts from $160.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Robert W. Baird set a $168.00 price objective on shares of Electronic Arts in a report on Wednesday, May 7th. Finally, HSBC upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Wednesday, May 7th. Fourteen analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.80.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $148.69, for a total value of $223,035.00. Following the completion of the transaction, the executive vice president directly owned 29,948 shares of the company’s stock, valued at approximately $4,452,968.12. The trade was a 4.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $159.53, for a total transaction of $159,530.00. Following the sale, the insider directly owned 37,131 shares in the company, valued at $5,923,508.43. This trade represents a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,729 shares of company stock worth $4,784,679 over the last ninety days. Company insiders own 0.22% of the company’s stock.

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.