Tower Research Capital LLC TRC Raises Holdings in Electronic Arts Inc. (NASDAQ:EA)

Tower Research Capital LLC TRC boosted its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 215.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,130 shares of the game software company's stock after purchasing an additional 19,898 shares during the period. Tower Research Capital LLC TRC's holdings in Electronic Arts were worth $4,262,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EA. Claro Advisors LLC grew its stake in Electronic Arts by 3.4% in the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock valued at $334,000 after buying an additional 75 shares in the last quarter. Intrust Bank NA grew its position in shares of Electronic Arts by 3.3% in the fourth 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 in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Electronic Arts by 11.1% during the 4th 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 lifted its holdings in Electronic Arts by 2.2% during the 4th 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 in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in Electronic Arts by 1.7% in the 4th 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. Institutional investors own 90.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EA. BMO Capital Markets lowered their price target on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Stifel Nicolaus reduced their price target on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a research report on Tuesday, January 21st. Roth Mkm decreased their price target on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a report on Thursday, January 23rd. Ascendiant Capital Markets lifted their price objective on Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Finally, Raymond James lowered Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. 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.com, the company has an average rating of "Hold" and a consensus target price of $154.22.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $145.37, for a total value of $726,850.00. Following the sale, the chief executive officer now directly owns 27,615 shares of the company's stock, valued at approximately $4,014,392.55. The trade was a 15.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction 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 transaction, the insider now owns 28,216 shares of the company's stock, valued at $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,000 shares of company stock valued at $3,032,740. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Trading Up 0.3 %

Shares of NASDAQ EA traded up $0.41 during trading hours on Friday, hitting $146.60. The company's stock had a trading volume of 1,836,542 shares, compared to its average volume of 2,639,108. The business has a 50-day simple moving average of $138.99 and a 200-day simple moving average of $144.44. The stock has a market cap of $38.21 billion, a price-to-earnings ratio of 37.30, a P/E/G ratio of 3.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts' consensus estimates 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, analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share 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 paid a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.52%. 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.