Distillate Capital Partners LLC Acquires Shares of 118,561 Electronic Arts Inc. (NASDAQ:EA)

Distillate Capital Partners LLC acquired a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 118,561 shares of the game software company's stock, valued at approximately $17,345,000.

A number of other institutional investors have also recently modified their holdings of EA. Pinnacle Bancorp Inc. lifted its stake in Electronic Arts by 141.0% during the fourth 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 last quarter. Whipplewood Advisors LLC acquired a new position in Electronic Arts during the 4th quarter worth approximately $32,000. Millstone Evans Group LLC bought a new position in Electronic Arts in the 4th quarter valued at approximately $37,000. SBI Securities Co. Ltd. acquired a new stake in Electronic Arts in the fourth quarter valued at approximately $41,000. Finally, OFI Invest Asset Management bought a new stake in shares of Electronic Arts during the fourth quarter worth $42,000. 90.23% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the 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 in the company, valued at $3,443,198.48. This represents a 3.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the transaction, the chief executive officer now directly owns 42,615 shares in the company, valued at $6,080,308.20. The trade was a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock worth $3,015,990 over the last three months. 0.22% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EA shares. BMO Capital Markets cut their price objective on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. UBS Group lifted their price target on Electronic Arts from $138.00 to $152.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Wedbush reaffirmed an "outperform" rating and issued a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. Roth Mkm dropped their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a report on Thursday, January 23rd. Finally, BNP Paribas lowered shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price on the stock. in a report on Monday, January 27th. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $155.30.

Electronic Arts Stock Up 0.1 %

NASDAQ:EA traded up $0.11 during trading hours on Tuesday, reaching $145.61. The company had a trading volume of 2,276,816 shares, compared to its average volume of 2,620,926. The business's 50-day simple moving average is $137.03 and its two-hundred day simple moving average is $144.35. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The firm has a market cap of $37.95 billion, a price-to-earnings ratio of 37.05, a P/E/G ratio of 3.58 and a beta of 0.79. 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 (NASDAQ:EA - Get Free Report) last issued 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, equities analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is 19.34%.

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.