Stephens Inc. AR Has $936,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Stephens Inc. AR grew its position in Electronic Arts Inc. (NASDAQ:EA) by 21.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,477 shares of the game software company’s stock after purchasing an additional 1,140 shares during the quarter. Stephens Inc. AR’s holdings in Electronic Arts were worth $936,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Putney Financial Group LLC bought a new stake in shares of Electronic Arts in the 4th quarter worth $26,000. Opal Wealth Advisors LLC purchased a new stake in Electronic Arts during the first quarter valued at about $28,000. LGT Financial Advisors LLC purchased a new stake in Electronic Arts during the fourth quarter valued at about $33,000. Millstone Evans Group LLC purchased a new stake in Electronic Arts during the fourth quarter valued at about $37,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Electronic Arts in the first quarter worth about $39,000. 90.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $159.50, for a total transaction of $398,750.00. Following the completion of the sale, the insider owned 60,592 shares in the company, valued at $9,664,424. The trade was a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 6,563 shares of Electronic Arts stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $151.18, for a total value of $992,194.34. Following the sale, the chief executive officer directly owned 70,059 shares of the company’s stock, valued at approximately $10,591,519.62. This trade represents a 8.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,729 shares of company stock worth $4,788,684 over the last quarter. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Stock Performance

Shares of EA stock opened at $149.83 on Friday. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $37.65 billion, a price-to-earnings ratio of 35.34, a P/E/G ratio of 2.03 and a beta of 0.73. The stock’s fifty day simple moving average is $150.66 and its 200-day simple moving average is $142.58.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were given a $0.19 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. Electronic Arts’s dividend payout ratio is currently 17.92%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EA shares. Roth Capital raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and raised their target price for the company from $175.00 to $185.00 in a research note on Tuesday, June 24th. JPMorgan Chase & Co. lifted their price target on Electronic Arts from $135.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Robert W. Baird set a $168.00 price target on shares of Electronic Arts in a research report on Wednesday, May 7th. Morgan Stanley boosted their price objective on Electronic Arts from $135.00 to $148.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 7th. Finally, Hsbc Global Res upgraded Electronic Arts from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 7th. Fourteen equities research analysts have rated the stock with a hold rating, ten 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 an average target price of $162.71.

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.