Invesco LLC Buys 1,319 Shares of Electronic Arts Inc. (NASDAQ:EA)

Invesco LLC raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 33.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,218 shares of the game software company’s stock after acquiring an additional 1,319 shares during the period. Invesco LLC’s holdings in Electronic Arts were worth $754,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in Electronic Arts by 689.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,238,496 shares of the game software company’s stock worth $178,987,000 after acquiring an additional 1,081,589 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Electronic Arts by 353.4% in 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 buying an additional 989,319 shares during the last quarter. FMR LLC raised its holdings in shares of Electronic Arts by 224.8% in the fourth quarter. FMR LLC now owns 1,207,854 shares of the game software company’s stock valued at $176,709,000 after buying an additional 835,985 shares during the last quarter. Royal Bank of Canada lifted its position in Electronic Arts by 130.0% during the 4th quarter. Royal Bank of Canada now owns 1,201,353 shares of the game software company’s stock worth $175,758,000 after buying an additional 679,032 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Electronic Arts by 11,587.9% in the 1st quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company’s stock valued at $96,737,000 after acquiring an additional 663,640 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $154.41 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50 day moving average price of $148.37 and a 200 day moving average price of $142.39. The stock has a market capitalization of $38.72 billion, a PE ratio of 36.42, a price-to-earnings-growth ratio of 2.07 and a beta of 0.71. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Wednesday, May 28th. Electronic Arts’s payout ratio is presently 17.92%.

Wall Street Analyst Weigh In

EA has been the topic of a number of research reports. Roth Capital reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, May 7th. Oppenheimer upped their price objective on Electronic Arts from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Citigroup reiterated a “neutral” rating and issued a $153.00 price objective (up from $139.00) on shares of Electronic Arts in a research report on Thursday, May 29th. JPMorgan Chase & Co. boosted their target price on Electronic Arts from $135.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Finally, TD Cowen raised their price target on Electronic Arts from $160.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Electronic Arts presently has an average rating of “Hold” and an average target price of $161.88.

Insider Activity at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $155.57, for a total value of $388,925.00. Following the sale, the insider now owns 40,189 shares in the company, valued at approximately $6,252,202.73. This represents a 5.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares in the company, valued at approximately $3,801,320. This represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,229 shares of company stock valued at $4,371,399. 0.22% of the stock is owned by corporate insiders.

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.