Y Intercept Hong Kong Ltd Takes Position in Electronic Arts Inc. (NASDAQ:EA)

Y Intercept Hong Kong Ltd bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 11,915 shares of the game software company’s stock, valued at approximately $1,709,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter worth about $25,000. Family Firm Inc. acquired a new stake in shares of Electronic Arts during the second quarter worth approximately $33,000. Reston Wealth Management LLC bought a new position in shares of Electronic Arts in the third quarter valued at approximately $36,000. Gradient Investments LLC boosted its holdings in shares of Electronic Arts by 592.1% in the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock worth $37,000 after acquiring an additional 225 shares in the last quarter. Finally, Bruce G. Allen Investments LLC increased its holdings in Electronic Arts by 156.6% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after purchasing an additional 166 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley restated an “equal weight” rating and set a $150.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. JPMorgan Chase & Co. decreased their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and issued a $170.00 target price on shares of Electronic Arts in a research note on Friday, October 25th. UBS Group upped their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus target price of $165.37.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now directly owns 29,190 shares in the company, valued at approximately $4,181,175.60. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $146.58, for a total value of $219,870.00. Following the completion of the sale, the executive vice president now owns 26,360 shares in the company, valued at $3,863,848.80. This represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock valued at $3,086,270 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Down 0.2 %

EA stock opened at $165.30 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market capitalization of $43.35 billion, a P/E ratio of 42.49, a P/E/G ratio of 2.18 and a beta of 0.79. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50. The business has a 50-day moving average of $154.87 and a 200-day moving average of $147.00.

Electronic Arts Announces Dividend

The company also recently declared 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 0.46%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

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.