Dynamic Technology Lab Private Ltd bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,410 shares of the game software company's stock, valued at approximately $1,084,000.
Several other hedge funds have also recently modified their holdings of the business. Claro Advisors LLC boosted its position in shares of Electronic Arts by 3.4% in the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock worth $334,000 after purchasing an additional 75 shares in the last quarter. Intrust Bank NA grew its stake in Electronic Arts by 3.3% during the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock valued at $362,000 after purchasing an additional 78 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Electronic Arts by 11.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock valued at $119,000 after purchasing an additional 81 shares during the period. Ballentine Partners LLC raised its stake in shares of Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock worth $550,000 after purchasing an additional 82 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of Electronic Arts by 1.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company's stock worth $708,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 90.23% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on EA shares. Raymond James lowered shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 23rd. BNP Paribas cut Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price objective for the company. in a report on Monday, January 27th. Ascendiant Capital Markets upped their target price on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Citigroup lowered their price objective on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Finally, Robert W. Baird decreased their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a research report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $155.30.
Get Our Latest Analysis on Electronic Arts
Insiders Place Their Bets
In related news, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the sale, the insider now directly owns 26,216 shares in the company, valued at approximately $3,801,320. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total transaction of $215,175.00. Following the completion of the transaction, the executive vice president now owns 23,386 shares of the company's stock, valued at $3,354,721.70. This represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock worth $3,015,990 over the last 90 days. Corporate insiders own 0.22% of the company's stock.
Electronic Arts Trading Up 2.0 %
NASDAQ:EA traded up $2.73 during trading hours on Friday, reaching $142.12. 662,817 shares of the stock were exchanged, compared to its average volume of 2,603,668. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The business has a 50-day moving average of $136.02 and a two-hundred day moving average of $144.32. The company has a market capitalization of $37.04 billion, a price-to-earnings ratio of 36.12, a PEG 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 released 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 predict that Electronic Arts Inc. will post 4.71 EPS for the current year.
Electronic Arts Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.53%. Electronic Arts's dividend payout ratio is presently 19.34%.
Electronic Arts Company Profile
(
Free Report)
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.
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