Eagle Rock Investment Company LLC Buys 5,769 Shares of Electronic Arts Inc. (NASDAQ:EA)

Eagle Rock Investment Company LLC grew its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,637 shares of the game software company's stock after acquiring an additional 5,769 shares during the quarter. Electronic Arts comprises about 1.2% of Eagle Rock Investment Company LLC's investment portfolio, making the stock its 23rd largest holding. Eagle Rock Investment Company LLC's holdings in Electronic Arts were worth $7,116,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC raised its stake in Electronic Arts by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company's stock valued at $954,358,000 after acquiring an additional 26,505 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Electronic Arts by 2.1% during the second quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company's stock valued at $367,789,000 after purchasing an additional 53,800 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Electronic Arts by 3.8% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,088,170 shares of the game software company's stock valued at $290,945,000 after purchasing an additional 76,621 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Electronic Arts by 29.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company's stock worth $215,725,000 after purchasing an additional 354,005 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its position in Electronic Arts by 43.3% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company's stock valued at $193,727,000 after buying an additional 420,382 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Stock Up 0.4 %

Shares of Electronic Arts stock traded up $0.60 during midday trading on Friday, hitting $142.00. The company's stock had a trading volume of 4,006,080 shares, compared to its average volume of 2,151,362. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $37.24 billion, a P/E ratio of 36.50, a PEG ratio of 1.84 and a beta of 0.80. The stock has a 50-day simple moving average of $155.70 and a 200-day simple moving average of $149.01.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were issued a $0.19 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. Electronic Arts's dividend payout ratio is 19.54%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EA shares. Wedbush reaffirmed an "outperform" rating and issued a $170.00 price target on shares of Electronic Arts in a research note on Friday, October 25th. Robert W. Baird increased their price target on Electronic Arts from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. BNP Paribas raised Electronic Arts to a "strong-buy" rating in a research note on Wednesday, October 9th. Stifel Nicolaus reaffirmed a "hold" rating and set a $167.00 target price on shares of Electronic Arts in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Electronic Arts from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $165.37.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the transaction, the insider now owns 28,190 shares in the company, valued at $4,251,897.70. The trade was a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the sale, the insider now directly owns 50,433 shares of the company's stock, valued at $7,969,926.99. This trade represents a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,500 shares of company stock valued at $3,637,660 over the last three months. 0.22% of the stock is owned by corporate insiders.

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.