Harvest Fund Management Co. Ltd Boosts Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Harvest Fund Management Co. Ltd raised its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 63.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,923 shares of the game software company's stock after buying an additional 7,753 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Electronic Arts were worth $2,918,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. OneDigital Investment Advisors LLC grew its holdings in shares of Electronic Arts by 28.6% during the third quarter. OneDigital Investment Advisors LLC now owns 5,403 shares of the game software company's stock worth $775,000 after buying an additional 1,200 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Electronic Arts by 4.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 62,486 shares of the game software company's stock worth $8,963,000 after acquiring an additional 2,898 shares during the period. Pathstone Holdings LLC grew its stake in shares of Electronic Arts by 3.6% in the 3rd quarter. Pathstone Holdings LLC now owns 23,622 shares of the game software company's stock valued at $3,388,000 after purchasing an additional 821 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Electronic Arts by 3.9% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,754 shares of the game software company's stock valued at $682,000 after purchasing an additional 180 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Electronic Arts during the third quarter worth approximately $2,362,000. 90.23% of the stock is owned by institutional investors and hedge funds.

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Electronic Arts Trading Up 0.2 %

NASDAQ:EA traded up $0.25 on Monday, hitting $144.55. 2,848,070 shares of the stock were exchanged, compared to its average volume of 2,410,621. The stock has a fifty day moving average of $132.76 and a 200-day moving average of $144.62. The stock has a market cap of $37.67 billion, a PE ratio of 36.78, a PEG ratio of 3.58 and a beta of 0.78. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (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%. As a group, equities analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

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

Analyst Upgrades and Downgrades

EA has been the topic of a number of analyst reports. Moffett Nathanson upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a research report on Friday, January 31st. Roth Mkm cut their price target 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. Oppenheimer dropped their target price on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 21st. BMO Capital Markets decreased their price target on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Finally, Raymond James lowered shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Electronic Arts currently has an average rating of "Hold" and a consensus price target of $155.65.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the transaction, the insider now directly owns 29,216 shares of the company's stock, valued at approximately $4,311,405.12. The trade was a 3.31 % decrease in their ownership of the stock. The transaction 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 business's stock in a transaction on Tuesday, January 21st. The stock was 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 approximately $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. In the last three months, insiders sold 23,000 shares of company stock valued at $3,166,740. Company 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.