Elo Mutual Pension Insurance Co Purchases 4,683 Shares of Electronic Arts Inc. (NASDAQ:EA)

Elo Mutual Pension Insurance Co lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 21.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 26,933 shares of the game software company's stock after acquiring an additional 4,683 shares during the period. Elo Mutual Pension Insurance Co's holdings in Electronic Arts were worth $3,940,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Pinnacle Bancorp Inc. boosted its holdings in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after acquiring an additional 117 shares during the period. Whipplewood Advisors LLC bought a new stake in Electronic Arts in the fourth quarter valued at approximately $32,000. Millstone Evans Group LLC purchased a new stake in shares of Electronic Arts during the fourth quarter valued at approximately $37,000. SBI Securities Co. Ltd. bought a new position in shares of Electronic Arts in the fourth quarter worth approximately $41,000. Finally, Larson Financial Group LLC increased its stake in shares of Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after buying an additional 70 shares during the period. 90.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EA shares. Oppenheimer cut their price target on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, January 21st. Roth Mkm cut their target price on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd. Raymond James downgraded Electronic Arts from an "outperform" rating to a "market perform" rating in a report on Thursday, January 23rd. Robert W. Baird dropped their price objective on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a report on Thursday, January 23rd. Finally, BNP Paribas cut Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price on the stock. in a research note on Monday, January 27th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $155.65.

Electronic Arts Stock Down 1.0 %

Shares of Electronic Arts stock traded down $1.40 during midday trading on Wednesday, hitting $144.28. The company had a trading volume of 486,039 shares, compared to its average volume of 2,542,724. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. 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 stock has a market capitalization of $37.60 billion, a P/E ratio of 36.72, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a 50 day moving average of $133.15 and a 200 day moving average of $144.63.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate 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 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

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

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the sale, the insider now directly owns 28,216 shares in the company, valued at approximately $3,443,198.48. This trade represents a 3.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the transaction, the chief executive officer now owns 42,615 shares in the company, valued at $6,080,308.20. This represents a 10.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,000 shares of company stock worth $3,018,560. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Profile

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.