Natixis Advisors LLC lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 279,554 shares of the game software company's stock after acquiring an additional 16,256 shares during the quarter. Natixis Advisors LLC owned 0.11% of Electronic Arts worth $40,898,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Electronic Arts by 0.4% during the third quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company's stock worth $954,358,000 after purchasing an additional 26,505 shares in the last quarter. Amundi grew its stake in shares of Electronic Arts by 4.3% during the fourth quarter. Amundi now owns 2,990,729 shares of the game software company's stock worth $431,315,000 after purchasing an additional 122,494 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Electronic Arts by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company's stock worth $261,772,000 after purchasing an additional 23,289 shares in the last quarter. Swedbank AB boosted its stake in Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock valued at $235,224,000 after acquiring an additional 95,190 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Electronic Arts by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock valued at $213,089,000 after acquiring an additional 36,153 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.
Insider Buying and Selling at Electronic Arts
In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total value of $327,075.00. Following the sale, the insider now directly owns 47,514 shares of the company's stock, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the sale, the insider now directly owns 29,216 shares in the company, valued at $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,000 shares of company stock valued at $3,194,240 in the last ninety days. Insiders own 0.22% of the company's stock.
Electronic Arts Trading Up 0.9 %
Shares of NASDAQ EA traded up $1.28 during trading on Thursday, hitting $143.25. 2,873,090 shares of the company traded hands, compared to its average volume of 2,382,440. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a 50-day moving average price of $132.71 and a 200-day moving average price of $144.71. The firm has a market capitalization of $37.33 billion, a P/E ratio of 36.45, a P/E/G ratio of 3.58 and a beta of 0.78. 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 announced 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 return on equity of 17.80% and a net margin of 14.28%. On average, equities analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.
Electronic Arts Dividend Announcement
The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.53%. Electronic Arts's payout ratio is currently 19.34%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on EA shares. Wedbush restated an "outperform" rating and issued a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. Citigroup decreased their price objective on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Ascendiant Capital Markets upped their price objective on shares of Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. StockNews.com cut shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their target price on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Electronic Arts currently has a consensus rating of "Hold" and an average target price of $154.78.
Read Our Latest Stock Report on EA
About Electronic Arts
(
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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