Toronto Dominion Bank grew its position in shares of Electronic Arts Inc. (NASDAQ:EA – Free Report) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,428 shares of the game software company’s stock after buying an additional 1,957 shares during the quarter. Toronto Dominion Bank’s holdings in Electronic Arts were worth $17,991,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of Electronic Arts in the 3rd quarter worth approximately $25,000. Family Firm Inc. bought a new stake in shares of Electronic Arts in the 2nd quarter worth approximately $33,000. Reston Wealth Management LLC bought a new stake in shares of Electronic Arts in the 3rd quarter worth approximately $36,000. Gradient Investments LLC raised its holdings in shares of Electronic Arts by 592.1% in the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock worth $37,000 after purchasing an additional 225 shares during the period. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of Electronic Arts by 156.6% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after purchasing an additional 166 shares during the period. Institutional investors own 90.23% of the company’s stock.
Analyst Ratings Changes
EA has been the topic of a number of research reports. Robert W. Baird lifted their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their price objective for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. BMO Capital Markets reiterated an “outperform” rating and issued a $160.00 price objective (up from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. Finally, Wedbush reiterated an “outperform” rating and issued a $170.00 price objective on shares of Electronic Arts in a research note on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.
Electronic Arts Stock Performance
NASDAQ EA opened at $162.59 on Friday. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market capitalization of $42.64 billion, a P/E ratio of 41.80, a P/E/G ratio of 2.18 and a beta of 0.79. The company has a fifty day moving average of $155.72 and a 200-day moving average of $147.22.
Electronic Arts Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.
Insider Transactions at Electronic Arts
In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the sale, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the sale, the insider now directly owns 29,190 shares of the company’s stock, valued at $4,181,175.60. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,000 shares of company stock valued at $3,086,270. Insiders own 0.22% of the company’s stock.
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.
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