Pacer Advisors Inc. Purchases 1,042,407 Shares of Electronic Arts Inc. (NASDAQ:EA)\n\nPacer Advisors Inc. significantly increased its holdings in **Electronic Arts Inc.** by **1,366.6%** during the first quarter, now owning approximately **$161.67 million** worth of shares. Several hedge funds have also increased their stakes in Electronic Arts, with **Assenagon Asset Management S.A.** raising its holdings by **689.3%** in the same period. Wall Street analysts have raised their price targets for Electronic Arts, with Goldman Sachs setting a new target at **$155.00**, maintaining a \"neutral\" rating. \n\nPacer Advisors Inc. grew its stake in Electronic Arts Inc. ( - ) by 1,366.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,118,685 shares of the game software company's stock after purchasing an additional 1,042,407 shares during the period. Pacer Advisors Inc. owned about 0.43% of Electronic Arts worth $161,672,000 as of its most recent SEC filing. Other institutional investors have also added to or reduced their stakes in the company. Putney Financial Group LLC bought a new stake in Electronic Arts in the 4th quarter valued at $26,000. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts during the first quarter valued at $28,000. LGT Financial Advisors LLC acquired a new stake in shares of Electronic Arts during the 4th quarter worth about $33,000. Wayfinding Financial LLC acquired a new stake in shares of Electronic Arts during the 1st quarter worth about $39,000. Finally, American National Bank & Trust acquired a new stake in shares of Electronic Arts during the 1st quarter worth about $40,000. 90.23% of the stock is owned by institutional investors and hedge funds.\n\nEA has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on Electronic Arts from $135.00 to $155.00 and gave the stock a \"neutral\" rating in a research note on Thursday, May 8th. Benchmark increased their price objective on Electronic Arts from $160.00 to $180.00 and gave the company a \"buy\" rating in a research report on Wednesday, May 7th. Hsbc Global Res upgraded Electronic Arts from a \"hold\" rating to a \"strong-buy\" rating in a research report on Wednesday, May 7th. Morgan Stanley increased their price objective on Electronic Arts from $135.00 to $148.00 and gave the company an \"equal weight\" rating in a research report on Wednesday, May 7th. Finally, Roth Capital upgraded Electronic Arts from a \"neutral\" rating to a \"buy\" rating and increased their price objective for the company from $175.00 to $185.00 in a research report on Tuesday, June 24th. Fourteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of \"Moderate Buy\" and an average price target of $162.71.\n\nElectronic Arts Stock Performance traded down $0.96 during mid-day trading on Friday, reaching $151.68. 1,450,551 shares of the company's stock were exchanged, compared to its average volume of 2,278,458. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The business's fifty day simple moving average is $151.04 and its two-hundred day simple moving average is $142.87. The firm has a market capitalization of $38.11 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 2.06 and a beta of 0.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 0.95.\n\nElectronic Arts Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is presently 17.92%.\n\nInsider Buying and Selling In related news, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $148.32, for a total transaction of $222,480.00. Following the completion of the sale, the executive vice president directly owned 28,448 shares in the company, valued at $4,219,407.36. This represents a 5.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through . Also, insider sold 1,000 shares of the company's stock in a transaction 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 sale, the insider owned 37,131 shares of the company's stock, valued at approximately $5,923,508.43. This represents a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found . Insiders sold 31,729 shares of company stock worth $4,822,884 in the last ninety days. 0.24% of the stock is owned by company insiders.\n\nElectronic Arts 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.

Pacer Advisors Inc. Has $161.67 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Pacer Advisors Inc. significantly increased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 1,366.6%, now owning $161.67 million worth of shares. Other hedge funds, including Assenagon Asset Management S.A., also raised their stakes. Wall Street analysts, such as Goldman Sachs and Benchmark, raised price targets for EA. The company recently paid a quarterly dividend and faced insider selling activity. EA's stock performance and financial metrics, including market cap, PE ratio, and dividend yield, were highlighted.