LSV Asset Management Buys New Stake in Electronic Arts Inc. (NASDAQ:EA)

LSV Asset Management purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 59,640 shares of the game software company's stock, valued at approximately $8,725,000.

Several other hedge funds and other institutional investors have also modified their holdings of EA. Pinnacle Bancorp Inc. grew its stake in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after purchasing an additional 117 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts during the fourth quarter worth approximately $32,000. Millstone Evans Group LLC purchased a new position in Electronic Arts in the fourth quarter worth approximately $37,000. SBI Securities Co. Ltd. acquired a new position in Electronic Arts during the 4th quarter worth approximately $41,000. Finally, OFI Invest Asset Management acquired a new stake in Electronic Arts in the fourth quarter valued at $42,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EA. Oppenheimer cut their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, January 21st. Moffett Nathanson upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price objective for the company in a research note on Friday, January 31st. Stifel Nicolaus reduced their target price on Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. Benchmark lifted their price target 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, Citigroup cut their target price on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $154.65.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total value of $713,400.00. Following the transaction, the chief executive officer now owns 42,615 shares in the company, valued at $6,080,308.20. This trade represents a 10.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the transaction, the insider now directly owns 28,216 shares in the company, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock worth $3,019,290 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

Shares of EA traded up $2.64 on Friday, reaching $145.61. The stock had a trading volume of 1,761,861 shares, compared to its average volume of 2,622,435. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The firm has a market capitalization of $37.95 billion, a PE ratio of 37.05, a PEG ratio of 3.58 and a beta of 0.79. The firm has a 50-day moving average of $137.59 and a 200 day moving average of $144.36. 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 (NASDAQ:EA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS 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%. Sell-side analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. Electronic Arts's dividend payout ratio (DPR) is 19.34%.

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.