Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Prudential PLC

Prudential PLC grew its holdings in Electronic Arts Inc. (NASDAQ:EA) by 31.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,780 shares of the game software company’s stock after acquiring an additional 26,575 shares during the period. Prudential PLC’s holdings in Electronic Arts were worth $15,296,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of EA. Prestige Wealth Management Group LLC lifted its position in shares of Electronic Arts by 7.5% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 3,691 shares of the game software company’s stock worth $514,000 after purchasing an additional 257 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of Electronic Arts by 20.9% during the 2nd quarter. Ballentine Partners LLC now owns 4,163 shares of the game software company’s stock worth $580,000 after purchasing an additional 719 shares during the last quarter. Caprock Group LLC lifted its position in shares of Electronic Arts by 81.8% during the 2nd quarter. Caprock Group LLC now owns 5,282 shares of the game software company’s stock worth $736,000 after purchasing an additional 2,376 shares during the last quarter. Anchor Capital Advisors LLC lifted its position in shares of Electronic Arts by 4.4% during the 2nd quarter. Anchor Capital Advisors LLC now owns 3,650 shares of the game software company’s stock worth $509,000 after purchasing an additional 153 shares during the last quarter. Finally, Custom Index Systems LLC purchased a new stake in shares of Electronic Arts during the 2nd quarter worth $225,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Down 1.3 %

Shares of Electronic Arts stock opened at $144.01 on Monday. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $153.51. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The company’s 50-day simple moving average is $145.65 and its 200-day simple moving average is $137.50. The firm has a market cap of $38.05 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 2.16 and a beta of 0.79.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

Insider Transactions at Electronic Arts

In other news, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total transaction of $211,515.00. Following the transaction, the chief financial officer now directly owns 10,553 shares in the company, valued at $1,488,078.53. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Electronic Arts news, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total transaction of $211,515.00. Following the transaction, the chief financial officer now directly owns 10,553 shares in the company, valued at $1,488,078.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the transaction, the insider now owns 38,574 shares in the company, valued at $5,389,173.54. The disclosure for this sale can be found here. Insiders have sold a total of 27,070 shares of company stock worth $3,963,638 over the last ninety days. 0.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EA. Oppenheimer lifted their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. UBS Group boosted their price target on shares of Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Jefferies Financial Group began coverage on shares of Electronic Arts in a research report on Thursday, July 11th. They issued a “buy” rating and a $165.00 price target for the company. TD Cowen boosted their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group boosted their price target on shares of Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $161.28.

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.