Electronic Arts Inc. (NASDAQ:EA) Holdings Lifted by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC increased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 95.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,301 shares of the game software company’s stock after acquiring an additional 2,096 shares during the period. Pallas Capital Advisors LLC’s holdings in Electronic Arts were worth $622,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after buying an additional 294 shares during the period. Apollon Wealth Management LLC boosted its position in Electronic Arts by 43.6% during the fourth quarter. Apollon Wealth Management LLC now owns 5,055 shares of the game software company’s stock valued at $740,000 after purchasing an additional 1,536 shares during the last quarter. Empowered Funds LLC grew its stake in Electronic Arts by 32.4% in the fourth quarter. Empowered Funds LLC now owns 7,230 shares of the game software company’s stock valued at $1,058,000 after purchasing an additional 1,771 shares in the last quarter. Stephens Inc. AR grew its stake in Electronic Arts by 12.3% in the fourth quarter. Stephens Inc. AR now owns 5,337 shares of the game software company’s stock valued at $781,000 after purchasing an additional 585 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in Electronic Arts by 84.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 5,805 shares of the game software company’s stock worth $849,000 after purchasing an additional 2,661 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value 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. The trade was a 3.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the sale, the chief executive officer now owns 32,615 shares in the company, valued at $4,647,637.50. The trade was a 13.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,729 shares of company stock valued at $4,107,664 in the last 90 days. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Stock Up 0.4%

EA opened at $147.68 on Thursday. The company has a market capitalization of $37.03 billion, a P/E ratio of 37.58, a P/E/G ratio of 3.58 and a beta of 0.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm’s fifty day moving average price is $146.25 and its two-hundred day moving average price is $143.50. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts Announces Dividend

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

Analyst Ratings Changes

A number of analysts have issued reports on EA shares. JPMorgan Chase & Co. lifted their target price on shares of Electronic Arts from $135.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. TD Cowen lifted their price objective on shares of Electronic Arts from $160.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Hsbc Global Res upgraded shares of Electronic Arts from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 7th. Roth Capital restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, May 7th. Finally, HSBC raised Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $161.88.

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.