Taylor Hoffman Capital Management LLC Boosts Stake in Electronic Arts Inc. (NASDAQ:EA)

Taylor Hoffman Capital Management LLC lifted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,704 shares of the game software company’s stock after buying an additional 1,079 shares during the period. Taylor Hoffman Capital Management LLC’s holdings in Electronic Arts were worth $3,907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of EA. Los Angeles Capital Management LLC increased its position in shares of Electronic Arts by 353.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock valued at $185,692,000 after acquiring an additional 989,319 shares during the last quarter. FMR LLC increased its position in shares of Electronic Arts by 224.8% during the fourth quarter. FMR LLC now owns 1,207,854 shares of the game software company’s stock valued at $176,709,000 after acquiring an additional 835,985 shares during the last quarter. Royal Bank of Canada increased its position in shares of Electronic Arts by 130.0% during the fourth quarter. Royal Bank of Canada now owns 1,201,353 shares of the game software company’s stock valued at $175,758,000 after acquiring an additional 679,032 shares during the last quarter. Norges Bank acquired a new stake in shares of Electronic Arts during the fourth quarter valued at about $96,698,000. Finally, Capital International Investors increased its position in shares of Electronic Arts by 5.2% during the fourth quarter. Capital International Investors now owns 12,156,791 shares of the game software company’s stock valued at $1,778,553,000 after acquiring an additional 605,796 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on EA. JPMorgan Chase & Co. lifted their price target on shares of Electronic Arts from $135.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Moffett Nathanson reiterated a “neutral” rating and set a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, May 7th. Wedbush lifted their price target on shares of Electronic Arts from $179.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. StockNews.com cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Finally, Stifel Nicolaus dropped their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Fifteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Electronic Arts presently has a consensus rating of “Hold” and an average target price of $161.29.

Electronic Arts Trading Up 1.0%

Shares of EA stock opened at $151.92 on Wednesday. The firm has a market capitalization of $38.10 billion, a P/E ratio of 38.66, a P/E/G ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $145.08 and its 200 day simple moving average is $145.02.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.50%. Electronic Arts’s dividend payout ratio is currently 17.92%.

Insider Buying and Selling

In related news, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the completion of the sale, the chief financial officer now owns 9,516 shares of the company’s stock, valued at approximately $1,238,126.76. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $149.64, for a total value of $224,460.00. Following the sale, the executive vice president now directly owns 17,533 shares of the company’s stock, valued at approximately $2,623,638.12. This trade represents a 7.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,500 shares of company stock valued at $3,342,580 over the last 90 days. Company 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.