Electronic Arts Inc. (NASDAQ:EA) Position Boosted by Bank of Montreal Can

Bank of Montreal Can boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 382,383 shares of the game software company's stock after acquiring an additional 70,973 shares during the period. Bank of Montreal Can owned 0.15% of Electronic Arts worth $55,943,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EA. Pinnacle Bancorp Inc. grew its holdings in shares of 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 during the period. Whipplewood Advisors LLC purchased a new position in Electronic Arts in the fourth quarter worth approximately $32,000. Millstone Evans Group LLC purchased a new position in Electronic Arts in the fourth quarter valued at $37,000. SBI Securities Co. Ltd. acquired a new stake in shares of Electronic Arts during the 4th quarter worth about $41,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Electronic Arts during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Wall Street Analyst Weigh In

EA has been the topic of a number of research reports. StockNews.com downgraded Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. Benchmark increased their price target on shares of Electronic Arts from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. DA Davidson initiated coverage on Electronic Arts in a report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price target on the stock. Moffett Nathanson upgraded 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, Raymond James downgraded Electronic Arts from an "outperform" rating to a "market perform" rating in a report on Thursday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of "Hold" and a consensus target price of $155.30.

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Electronic Arts Trading Up 2.1 %

EA traded up $3.02 during trading on Monday, hitting $145.95. The company's stock had a trading volume of 1,636,512 shares, compared to its average volume of 2,614,234. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The stock has a market cap of $38.04 billion, a PE ratio of 37.14, a PEG ratio of 3.58 and a beta of 0.79. The firm's 50 day moving average price is $136.45 and its 200-day moving average price is $144.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts (NASDAQ:EA - Get Free Report) last released 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 net margin of 14.28% and a return on equity of 17.80%. On average, 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 given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the sale, the insider now owns 28,216 shares of the company's stock, valued at approximately $3,443,198.48. The trade was a 3.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the sale, the executive vice president now owns 23,386 shares of the company's stock, valued at $3,354,721.70. This trade represents a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock valued at $3,015,990 over the last 90 days. 0.22% of the stock is owned by corporate insiders.

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.