Toronto Dominion Bank Buys 11,891 Shares of Electronic Arts Inc. (NASDAQ:EA)

Toronto Dominion Bank grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 9.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 137,319 shares of the game software company’s stock after acquiring an additional 11,891 shares during the quarter. Toronto Dominion Bank’s holdings in Electronic Arts were worth $20,090,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Capital International Investors raised its stake in Electronic Arts by 5.2% during the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company’s stock worth $1,778,553,000 after buying an additional 605,796 shares during the period. Geode Capital Management LLC increased its holdings in shares of Electronic Arts by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company’s stock worth $978,650,000 after acquiring an additional 30,929 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Electronic Arts by 6.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company’s stock worth $648,169,000 after acquiring an additional 270,991 shares in the last quarter. Northern Trust Corp raised its position in shares of Electronic Arts by 12.4% during the fourth quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company’s stock worth $476,540,000 after purchasing an additional 360,563 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Electronic Arts by 3.9% during the 4th quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company’s stock valued at $472,362,000 after purchasing an additional 120,632 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $155.57, for a total transaction of $388,925.00. Following the completion of the sale, the insider now owns 40,189 shares of the company’s stock, valued at $6,252,202.73. This represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the sale, the insider now owns 26,216 shares in the company, valued at $3,801,320. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,500 shares of company stock worth $3,342,580. Company insiders own 0.22% of the company’s stock.

Electronic Arts Trading Down 0.7%

Electronic Arts stock opened at $150.48 on Tuesday. The stock has a 50-day simple moving average of $144.79 and a 200 day simple moving average of $144.97. The stock has a market capitalization of $37.74 billion, a P/E ratio of 38.29, a PEG ratio of 3.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts’s payout ratio is presently 17.92%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EA shares. Ascendiant Capital Markets increased their target price on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. BMO Capital Markets lowered their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. UBS Group upped their target price on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Finally, Moffett Nathanson reissued a “neutral” rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Hold” and an average price target of $161.29.

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.