Sei Investments Co. Acquires 32,649 Shares of Electronic Arts Inc. (NASDAQ:EA)

Sei Investments Co. raised its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 20.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,647 shares of the game software company's stock after purchasing an additional 32,649 shares during the quarter. Sei Investments Co. owned approximately 0.07% of Electronic Arts worth $28,331,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Pinnacle Bancorp Inc. raised its holdings in shares of 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 purchasing an additional 117 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Electronic Arts during the fourth quarter worth $32,000. Millstone Evans Group LLC bought a new position in Electronic Arts during the fourth quarter valued at about $37,000. SBI Securities Co. Ltd. acquired a new stake in shares of Electronic Arts in the fourth quarter worth about $41,000. Finally, Larson Financial Group LLC boosted its stake in shares of Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after acquiring an additional 70 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the completion of the transaction, the chief executive officer now directly owns 42,615 shares of the company's stock, valued at $6,080,308.20. The trade was a 10.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00. Following the sale, the insider now directly owns 29,216 shares in the company, valued at approximately $4,311,405.12. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,000 shares of company stock valued at $3,018,560. Corporate insiders own 0.22% of the company's stock.

Remove Ads

Electronic Arts Price Performance

EA traded down $1.05 during midday trading on Friday, reaching $144.25. 2,423,549 shares of the company's stock were exchanged, compared to its average volume of 2,540,581. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $133.05 and a two-hundred day simple moving average of $144.63. The firm has a market capitalization of $37.59 billion, a price-to-earnings ratio of 36.70, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a one year low of $115.21 and a one year 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 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%. As a group, research analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently declared 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 dividend payout ratio (DPR) is presently 19.34%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EA shares. StockNews.com downgraded Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. 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. Oppenheimer decreased their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. Stifel Nicolaus dropped their target price on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. Finally, Raymond James cut shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a report on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Electronic Arts presently has a consensus rating of "Hold" and an average target price of $155.65.

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.