TD Private Client Wealth LLC Purchases 110 Shares of Electronic Arts Inc. (NASDAQ:EA)

TD Private Client Wealth LLC lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,521 shares of the game software company’s stock after acquiring an additional 110 shares during the period. TD Private Client Wealth LLC’s holdings in Electronic Arts were worth $935,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. raised its holdings in shares of Electronic Arts by 43.3% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock valued at $193,727,000 after purchasing an additional 420,382 shares during the last quarter. National Bank of Canada FI raised its stake in Electronic Arts by 214.8% during the 2nd quarter. National Bank of Canada FI now owns 533,548 shares of the game software company’s stock valued at $73,264,000 after buying an additional 364,044 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Electronic Arts by 29.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock valued at $215,725,000 after buying an additional 354,005 shares during the period. abrdn plc boosted its stake in shares of Electronic Arts by 59.2% in the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company’s stock worth $123,484,000 after buying an additional 319,335 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Electronic Arts by 8,503.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after acquiring an additional 314,388 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 26,360 shares in the company, valued at approximately $3,863,848.80. The trade was a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total transaction of $353,750.00. Following the transaction, the chief executive officer now owns 54,247 shares of the company’s stock, valued at $7,675,950.50. This trade represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,000 shares of company stock valued at $3,086,270. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Performance

EA opened at $157.62 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $41.34 billion, a price-to-earnings ratio of 40.52, a PEG ratio of 2.14 and a beta of 0.79. The company has a fifty day moving average of $156.02 and a 200 day moving average of $147.38. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.48%. Electronic Arts’s payout ratio is 19.54%.

Analyst Upgrades and Downgrades

EA has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. BMO Capital Markets reissued an “outperform” rating and issued a $160.00 price objective (up previously from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. UBS Group boosted their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Roth Mkm increased their price target on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $160.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and an average price target of $165.37.

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.