Hantz Financial Services Inc. Buys New Position in Electronic Arts Inc. (NASDAQ:EA)

Hantz Financial Services Inc. purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 526 shares of the game software company’s stock, valued at approximately $73,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Electronic Arts by 82.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock worth $3,327,000 after acquiring an additional 11,343 shares during the last quarter. FORA Capital LLC boosted its stake in shares of Electronic Arts by 209.7% during the 1st quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock valued at $6,101,000 after buying an additional 31,136 shares during the last quarter. Duality Advisers LP acquired a new stake in shares of Electronic Arts during the first quarter worth approximately $1,711,000. Eaton Financial Holdings Company LLC bought a new stake in shares of Electronic Arts in the fourth quarter worth $1,259,000. Finally, Teacher Retirement System of Texas raised its holdings in Electronic Arts by 6.1% in the fourth quarter. Teacher Retirement System of Texas now owns 181,757 shares of the game software company’s stock valued at $24,866,000 after acquiring an additional 10,405 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Up 1.0 %

Shares of NASDAQ:EA opened at $151.82 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $145.18 and its 200 day moving average price is $137.38. The company has a market cap of $40.34 billion, a PE ratio of 32.44, a P/E/G ratio of 2.28 and a beta of 0.79. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $153.51.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Analyst Ratings Changes

Several research firms have recently weighed in on EA. JPMorgan Chase & Co. boosted their target price on shares of Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. TD Cowen boosted their price objective on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Oppenheimer increased their target price on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. The Goldman Sachs Group boosted their price target on Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Raymond James raised their price objective on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.28.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total transaction of $350,650.00. Following the transaction, the chief executive officer now directly owns 61,747 shares of the company’s stock, valued at $8,660,634.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total value of $350,650.00. Following the completion of the sale, the chief executive officer now directly owns 61,747 shares of the company’s stock, valued at approximately $8,660,634.22. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $144.86, for a total transaction of $144,860.00. Following the transaction, the executive vice president now owns 29,317 shares in the company, valued at approximately $4,246,860.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,070 shares of company stock worth $3,811,938. 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.