Capital International Sarl Buys 13,663 Shares of Electronic Arts Inc. (NASDAQ:EA)

Capital International Sarl grew its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 149,513 shares of the game software company's stock after purchasing an additional 13,663 shares during the period. Capital International Sarl owned approximately 0.06% of Electronic Arts worth $21,874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Farringdon Capital Ltd. acquired a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $384,000. Marshall Wace LLP raised its holdings in shares of Electronic Arts by 6,145.8% in the 4th quarter. Marshall Wace LLP now owns 149,900 shares of the game software company's stock valued at $21,930,000 after purchasing an additional 147,500 shares during the period. NewEdge Advisors LLC lifted its stake in Electronic Arts by 3.7% in the 4th quarter. NewEdge Advisors LLC now owns 10,125 shares of the game software company's stock valued at $1,481,000 after purchasing an additional 365 shares during the last quarter. Evergreen Capital Management LLC increased its position in Electronic Arts by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 22,977 shares of the game software company's stock worth $3,362,000 after buying an additional 124 shares during the last quarter. Finally, Jump Financial LLC raised its stake in Electronic Arts by 164.2% in the fourth quarter. Jump Financial LLC now owns 11,978 shares of the game software company's stock valued at $1,752,000 after buying an additional 7,445 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now directly owns 28,216 shares of the company's stock, valued at approximately $3,443,198.48. This trade represents a 3.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the sale, the chief executive officer now owns 37,615 shares in the company, valued at approximately $4,895,216.10. This represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,000 shares of company stock worth $3,032,740. Insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of recent analyst reports. Morgan Stanley decreased their target price on Electronic Arts from $150.00 to $135.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Moffett Nathanson raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a research report on Friday, January 31st. StockNews.com cut Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. Bank of America lifted their price objective on Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Finally, Ascendiant Capital Markets raised their price target on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $154.00.

Electronic Arts Stock Down 2.0 %

NASDAQ:EA traded down $2.93 on Wednesday, hitting $142.94. The stock had a trading volume of 880,420 shares, compared to its average volume of 2,628,253. 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 Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The business's fifty day moving average is $138.37 and its 200 day moving average is $144.42. The company has a market cap of $37.25 billion, a PE ratio of 36.37, a P/E/G ratio of 3.58 and a beta of 0.79.

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 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%. On average, equities research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is presently 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.