Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Bank of Nova Scotia

Bank of Nova Scotia boosted its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 1,168.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 397,704 shares of the game software company's stock after purchasing an additional 366,356 shares during the quarter. Bank of Nova Scotia owned about 0.15% of Electronic Arts worth $58,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on EA shares. StockNews.com lowered Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Ascendiant Capital Markets raised their price objective on Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Citigroup reduced their target price on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. BNP Paribas cut shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price target for the company. in a research report on Monday, January 27th. Finally, Raymond James downgraded shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $155.30.

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Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares in the company, valued at approximately $3,801,320. This trade represents a 3.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total transaction of $215,175.00. Following the completion of the sale, the executive vice president now owns 23,386 shares in the company, valued at $3,354,721.70. The trade was a 6.03 % 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 $3,015,990 over the last ninety days. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Price Performance

Shares of EA stock traded up $2.08 during trading hours on Monday, reaching $145.01. The company had a trading volume of 702,328 shares, compared to its average volume of 4,082,966. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a market capitalization of $37.79 billion, a price-to-earnings ratio of 36.90, a PEG ratio of 3.58 and a beta of 0.79. 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 fifty day moving average of $136.45 and a 200-day moving average of $144.34.

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 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, equities analysts anticipate 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 was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a $0.19 dividend. 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 payout ratio 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.