E Fund Management Co. Ltd. Has $1.05 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

E Fund Management Co. Ltd. increased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 96.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,295 shares of the game software company’s stock after buying an additional 3,588 shares during the period. E Fund Management Co. Ltd.’s holdings in Electronic Arts were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Management Professionals Inc. grew its stake in shares of Electronic Arts by 15.0% during the first quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company’s stock worth $81,000 after buying an additional 73 shares during the last quarter. Bank of Jackson Hole Trust grew its stake in shares of Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after buying an additional 75 shares during the last quarter. Whipplewood Advisors LLC grew its stake in shares of Electronic Arts by 34.2% during the first quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company’s stock worth $43,000 after buying an additional 76 shares during the last quarter. Clarius Group LLC grew its stake in shares of Electronic Arts by 3.6% during the first quarter. Clarius Group LLC now owns 2,204 shares of the game software company’s stock worth $319,000 after buying an additional 77 shares during the last quarter. Finally, Conning Inc. grew its stake in shares of Electronic Arts by 4.7% during the first quarter. Conning Inc. now owns 1,749 shares of the game software company’s stock worth $253,000 after buying an additional 78 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EA shares. Argus set a $170.00 price target on shares of Electronic Arts in a report on Friday, May 16th. Citigroup reiterated a “neutral” rating and set a $153.00 price target (up previously from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. JPMorgan Chase & Co. lifted their price target on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Oppenheimer lifted their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Finally, DA Davidson lifted their price target on shares of Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday. Sixteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.12.

Insider Activity at Electronic Arts

In other Electronic Arts news, 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 value of $159,530.00. Following the sale, the insider directly owned 37,131 shares in the company, valued at $5,923,508.43. This represents a 2.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $152.21, for a total transaction of $761,050.00. Following the completion of the sale, the chief executive officer owned 57,393 shares in the company, valued at $8,735,788.53. This represents a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,229 shares of company stock worth $4,452,664 in the last ninety days. Insiders own 0.24% of the company’s stock.

Electronic Arts Stock Up 0.3%

EA opened at $178.40 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. The stock has a market cap of $44.64 billion, a price-to-earnings ratio of 44.71, a PEG ratio of 2.30 and a beta of 0.72. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $179.84. The company’s 50-day moving average price is $155.00 and its two-hundred day moving average price is $145.02.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 27th. Electronic Arts’s dividend payout ratio is presently 19.05%.

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.