Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377,231 shares of the game software company's stock after purchasing an additional 12,026 shares during the quarter. American Century Companies Inc. owned about 0.14% of Electronic Arts worth $55,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Great Valley Advisor Group Inc. grew its stake in Electronic Arts by 7.0% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,715 shares of the game software company's stock worth $246,000 after buying an additional 112 shares in the last quarter. Cerity Partners LLC grew its position in Electronic Arts by 46.9% in the third quarter. Cerity Partners LLC now owns 29,177 shares of the game software company's stock worth $4,185,000 after acquiring an additional 9,310 shares in the last quarter. Larson Financial Group LLC increased its stake in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. Independent Advisor Alliance raised its position in Electronic Arts by 10.6% during the third quarter. Independent Advisor Alliance now owns 7,544 shares of the game software company's stock valued at $1,082,000 after purchasing an additional 725 shares in the last quarter. Finally, Hancock Whitney Corp lifted its stake in Electronic Arts by 1.3% during the third quarter. Hancock Whitney Corp now owns 8,736 shares of the game software company's stock worth $1,253,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EA shares. Robert W. Baird decreased their price objective on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd. Stifel Nicolaus decreased their price target on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research note on Tuesday, January 21st. Citigroup cut their price objective on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. DA Davidson initiated coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 target price on the stock. Finally, BMO Capital Markets cut their price target on shares of 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. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $155.65.

Insiders Place Their Bets

In other news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the sale, the insider now directly owns 47,514 shares of the company's stock, valued at approximately $6,216,256.62. The trade was a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the sale, the insider now owns 29,216 shares in the company, valued at $4,311,405.12. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock valued at $3,018,560 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Performance

NASDAQ EA traded down $1.05 on Friday, hitting $144.25. 2,423,549 shares of the company's stock traded hands, compared to its average volume of 2,540,581. The firm's 50-day moving average price is $133.05 and its two-hundred day moving average price is $144.63. The firm has a market capitalization of $37.59 billion, a PE ratio of 36.70, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year 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 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is 19.34%.

Electronic 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.