QRG Capital Management Inc. Purchases 366 Shares of Electronic Arts Inc. (NASDAQ:EA)

QRG Capital Management Inc. raised its position in Electronic Arts Inc. (NASDAQ:EA) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,361 shares of the game software company’s stock after acquiring an additional 366 shares during the period. QRG Capital Management Inc.’s holdings in Electronic Arts were worth $4,498,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after acquiring an additional 3,727,251 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Electronic Arts by 496.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock valued at $333,169,000 after purchasing an additional 2,090,504 shares in the last quarter. Swedbank AB purchased a new position in shares of Electronic Arts in the first quarter worth $201,935,000. Jericho Capital Asset Management L.P. acquired a new stake in shares of Electronic Arts during the first quarter worth $189,055,000. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Electronic Arts in the 2nd quarter valued at $188,159,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on EA shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $160.00 price target (up previously from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. UBS Group upped their target price on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. TD Cowen raised their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Bank of America upped their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Electronic Arts has an average rating of “Moderate Buy” and a consensus price target of $164.39.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the sale, the insider now directly owns 31,190 shares in the company, valued at approximately $4,675,692.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Stuart Canfield sold 1,260 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $148.37, for a total value of $186,946.20. Following the completion of the sale, the chief financial officer now directly owns 7,553 shares in the company, valued at $1,120,638.61. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the transaction, the insider now owns 31,190 shares in the company, valued at $4,675,692.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,644 shares of company stock valued at $3,491,207 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Trading Up 1.7 %

Shares of EA stock opened at $155.50 on Wednesday. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $155.55. The company has a market cap of $41.08 billion, a price-to-earnings ratio of 39.97, a PEG ratio of 1.95 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.45. The stock has a 50 day simple moving average of $145.05 and a 200-day simple moving average of $140.58.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s dividend payout ratio is presently 19.54%.

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.