Anchor Capital Advisors LLC Grows Holdings in Electronic Arts Inc. (NASDAQ:EA)

Anchor Capital Advisors LLC grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5,606.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 219,013 shares of the game software company's stock after buying an additional 215,175 shares during the quarter. Anchor Capital Advisors LLC owned 0.08% of Electronic Arts worth $32,042,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts in the 3rd quarter worth about $25,000. Pinnacle Bancorp Inc. raised its position in Electronic Arts by 141.0% in 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 during the period. Whipplewood Advisors LLC purchased a new stake in Electronic Arts in the 4th quarter worth about $32,000. Reston Wealth Management LLC purchased a new stake in Electronic Arts in the 3rd quarter worth about $36,000. Finally, Larson Financial Group LLC raised its position in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after purchasing an additional 70 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Stock Up 0.1 %

EA traded up $0.11 during trading on Monday, hitting $129.23. The stock had a trading volume of 5,209,503 shares, compared to its average volume of 4,420,575. The company has a market capitalization of $33.68 billion, a PE ratio of 32.88, a PEG ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a 50 day simple moving average of $134.72 and a two-hundred day simple moving average of $145.59.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate 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, research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.59%. Electronic Arts's dividend payout ratio (DPR) is 19.34%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the transaction, the chief executive officer now owns 47,615 shares of the company's stock, valued at approximately $7,047,020. This trade represents a 9.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $156.27, for a total transaction of $234,405.00. Following the transaction, the executive vice president now directly owns 24,886 shares of the company's stock, valued at approximately $3,888,935.22. This trade represents a 5.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,500 shares of company stock worth $3,428,645 over the last three months. Corporate insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EA. Oppenheimer reduced their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 21st. BMO Capital Markets dropped their target price on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Raymond James downgraded shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. Moffett Nathanson upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a research note on Friday, January 31st. Finally, Benchmark dropped their target price on shares of Electronic Arts from $163.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Thirteen 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, Electronic Arts currently has a consensus rating of "Hold" and a consensus target price of $154.78.

Electronic Arts Company 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.