Marco Investment Management LLC Has $283,000 Stake in Electronic Arts Inc. (NASDAQ:EA)

Marco Investment Management LLC decreased its stake in Electronic Arts Inc. (NASDAQ:EA) by 4.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,960 shares of the game software company’s stock after selling 90 shares during the period. Marco Investment Management LLC’s holdings in Electronic Arts were worth $283,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EA. Brighton Jones LLC raised its position in Electronic Arts by 9.4% in 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 last quarter. LPL Financial LLC raised its position in Electronic Arts by 6.3% in the 4th quarter. LPL Financial LLC now owns 94,888 shares of the game software company’s stock valued at $13,882,000 after buying an additional 5,652 shares during the last quarter. Norges Bank acquired a new stake in Electronic Arts in the 4th quarter valued at approximately $96,698,000. Orion Portfolio Solutions LLC raised its position in Electronic Arts by 3.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 16,194 shares of the game software company’s stock valued at $2,369,000 after buying an additional 543 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Electronic Arts by 591.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 696,861 shares of the game software company’s stock valued at $101,951,000 after buying an additional 596,141 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

EA stock opened at $147.79 on Wednesday. The firm has a market cap of $37.14 billion, a PE ratio of 34.86, a P/E/G ratio of 2.06 and a beta of 0.73. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average of $150.98 and a 200-day moving average of $142.97. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts’s dividend payout ratio is 17.92%.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $152.21, for a total transaction of $761,050.00. Following the transaction, the chief executive officer owned 57,393 shares in the company, valued at $8,735,788.53. The trade was a 8.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $159.53, for a total value of $159,530.00. Following the transaction, the insider owned 37,131 shares in the company, valued at $5,923,508.43. This trade represents a 2.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,729 shares of company stock valued at $4,822,884 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EA has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on Electronic Arts from $135.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised their price target on Electronic Arts from $135.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Wells Fargo & Company set a $168.00 price target on Electronic Arts and gave the company an “equal weight” rating in a research note on Monday. Moffett Nathanson restated a “neutral” rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, May 7th. Finally, Citigroup restated a “neutral” rating and issued a $153.00 price target (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Fifteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and an average target price of $162.92.

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.