Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,648 shares of the game software company's stock, valued at approximately $2,436,000.
Other institutional investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. raised its stake in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Electronic Arts in the 4th quarter valued at $32,000. Millstone Evans Group LLC bought a new position in Electronic Arts during the 4th quarter valued at $37,000. SBI Securities Co. Ltd. purchased a new position in Electronic Arts during the 4th quarter worth $41,000. Finally, OFI Invest Asset Management purchased a new position in Electronic Arts during the 4th quarter worth $42,000. Institutional investors and hedge funds own 90.23% of the company's stock.
Electronic Arts Stock Performance
Shares of NASDAQ:EA traded up $3.54 during midday trading on Friday, reaching $142.93. 3,116,905 shares of the company traded hands, compared to its average volume of 2,617,577. The firm's fifty day moving average price is $136.45 and its two-hundred day moving average price is $144.34. The firm has a market capitalization of $37.25 billion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50.
Electronic Arts (NASDAQ:EA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, equities analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current year.
Electronic Arts Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's payout ratio is 19.34%.
Insider Activity
In other news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the sale, the chief executive officer now owns 32,615 shares in the company, valued at approximately $4,647,637.50. This trade represents a 13.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares of the company's stock, valued at $3,801,320. This trade represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock worth $3,015,990 in the last three months. Corporate insiders own 0.22% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently weighed in on EA shares. UBS Group boosted their price target on shares of Electronic Arts from $138.00 to $152.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Robert W. Baird cut their target price on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a research note on Thursday, January 23rd. BMO Capital Markets decreased their price target on 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. Benchmark boosted their price objective on Electronic Arts from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. Finally, DA Davidson assumed coverage on Electronic Arts in a research note on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price objective for the company. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $155.30.
Read Our Latest Research Report on EA
About Electronic Arts
(
Free Report)
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.
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