Cibc World Markets Corp Purchases 3,374 Shares of Electronic Arts Inc. (NASDAQ:EA)

Cibc World Markets Corp raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 156,665 shares of the game software company's stock after purchasing an additional 3,374 shares during the period. Cibc World Markets Corp owned approximately 0.06% of Electronic Arts worth $22,920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EA. Los Angeles Capital Management LLC boosted its holdings in Electronic Arts by 353.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock worth $185,692,000 after purchasing an additional 989,319 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Electronic Arts by 51.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company's stock valued at $160,893,000 after buying an additional 373,730 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Electronic Arts by 8,503.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company's stock worth $45,626,000 after buying an additional 314,388 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Electronic Arts in the fourth quarter worth $34,334,000. Finally, Anchor Capital Advisors LLC increased its position in Electronic Arts by 5,606.4% during the fourth quarter. Anchor Capital Advisors LLC now owns 219,013 shares of the game software company's stock valued at $32,042,000 after acquiring an additional 215,175 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

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Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were 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 $6,216,256.62. The trade was a 5.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00. Following the completion of the transaction, the insider now owns 29,216 shares in the company, valued at $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,000 shares of company stock worth $2,454,240 over the last quarter. Insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on EA shares. Stifel Nicolaus dropped their target price on Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research report on Tuesday, January 21st. Moffett Nathanson raised shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a report on Friday, January 31st. Citigroup cut their target price on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Ascendiant Capital Markets increased their price target on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Finally, StockNews.com downgraded shares of Electronic Arts from a "strong-buy" rating to a "buy" rating 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's stock. According to MarketBeat.com, Electronic Arts currently has an average rating of "Hold" and a consensus price target of $154.78.

Electronic Arts Price Performance

NASDAQ EA traded up $1.05 during trading on Friday, hitting $144.30. 9,254,818 shares of the stock traded hands, compared to its average volume of 2,407,038. 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 12-month low of $115.21 and a 12-month high of $168.50. The firm has a 50-day simple moving average of $132.69 and a 200-day simple moving average of $144.70. The company has a market capitalization of $37.61 billion, a P/E ratio of 36.72, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

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 analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

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