Abacus FCF Advisors LLC Boosts Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Abacus FCF Advisors LLC lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 46.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,357 shares of the game software company's stock after buying an additional 8,308 shares during the quarter. Abacus FCF Advisors LLC's holdings in Electronic Arts were worth $3,856,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in EA. Pinnacle Bancorp Inc. increased its holdings in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after buying an additional 117 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth about $32,000. Millstone Evans Group LLC purchased a new position in shares of Electronic Arts in the 4th quarter valued at about $37,000. SBI Securities Co. Ltd. acquired a new stake in shares of Electronic Arts during the 4th quarter worth about $41,000. Finally, OFI Invest Asset Management purchased a new stake in Electronic Arts during the fourth quarter worth approximately $42,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Oppenheimer dropped their price target on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 21st. Benchmark increased their target price on shares of Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, March 24th. UBS Group lifted their price target on shares of Electronic Arts from $138.00 to $152.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Bank of America upped their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Finally, Citigroup cut their target price 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. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Electronic Arts currently has an average rating of "Hold" and an average price target of $155.30.

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Electronic Arts Stock Performance

EA traded up $3.54 during trading on Friday, reaching $142.93. The company's stock had a trading volume of 3,116,905 shares, compared to its average volume of 2,617,577. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The company's fifty day moving average price is $136.45 and its 200-day moving average price is $144.34. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a market capitalization of $37.25 billion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly 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%. On average, equities analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.53%. Electronic Arts's payout ratio is currently 19.34%.

Insider Buying and Selling at Electronic Arts

In related 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 sale, the insider now directly owns 28,216 shares of the company's stock, valued at approximately $3,443,198.48. This represents a 3.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the transaction, the chief executive officer now owns 32,615 shares of the company's stock, valued at $4,647,637.50. This trade represents a 13.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,000 shares of company stock valued at $3,015,990. Corporate insiders own 0.22% of the company's stock.

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.