Electronic Arts Inc. $EA Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 0.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,291 shares of the game software company’s stock after purchasing an additional 234 shares during the period. Voya Investment Management LLC’s holdings in Electronic Arts were worth $10,737,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in EA. Putney Financial Group LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at approximately $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the 1st quarter valued at approximately $28,000. Bank of Jackson Hole Trust increased its holdings in shares of Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after acquiring an additional 75 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Electronic Arts in the 1st quarter valued at approximately $39,000. Finally, American National Bank & Trust bought a new stake in shares of Electronic Arts in the 1st quarter valued at approximately $40,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Trading Up 0.2%

NASDAQ:EA opened at $172.08 on Wednesday. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $180.90. The stock has a market cap of $43.06 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 2.22 and a beta of 0.75. The business has a fifty day moving average of $163.74 and a 200-day moving average of $152.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84.

Electronic Arts Dividend Announcement

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

Analyst Ratings Changes

EA has been the subject of a number of research analyst reports. Wells Fargo & Company set a $168.00 price target on Electronic Arts and gave the company an “equal weight” rating in a report on Monday, July 28th. Wedbush reiterated an “outperform” rating and issued a $210.00 price target on shares of Electronic Arts in a report on Monday, August 25th. DA Davidson upped their price objective on Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday, August 11th. Robert W. Baird upped their price objective on Electronic Arts from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Arete upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price objective for the company in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.12.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $172.26, for a total value of $206,712.00. Following the completion of the transaction, the insider owned 35,931 shares of the company’s stock, valued at approximately $6,189,474.06. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Monday, July 21st. The shares were sold at an average price of $152.21, for a total value of $761,050.00. Following the completion of the sale, the chief executive officer owned 57,393 shares of the company’s stock, valued at approximately $8,735,788.53. This trade represents a 8.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,800 shares of company stock worth $4,967,210. 0.24% of the stock is owned by company insiders.

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.