Martingale Asset Management L P Has $29.40 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Martingale Asset Management L P lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,964 shares of the game software company's stock after selling 12,477 shares during the quarter. Martingale Asset Management L P owned about 0.08% of Electronic Arts worth $29,401,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. APG Asset Management N.V. lifted its position in shares of Electronic Arts by 181.5% during the 4th quarter. APG Asset Management N.V. now owns 199,461 shares of the game software company's stock worth $28,181,000 after purchasing an additional 128,616 shares during the last quarter. Abacus FCF Advisors LLC increased its position in Electronic Arts by 46.0% in the 4th quarter. Abacus FCF Advisors LLC now owns 26,357 shares of the game software company's stock worth $3,856,000 after buying an additional 8,308 shares during the period. Bank of Nova Scotia increased its position in Electronic Arts by 1,168.7% in the 4th quarter. Bank of Nova Scotia now owns 397,704 shares of the game software company's stock worth $58,184,000 after buying an additional 366,356 shares during the period. Rathbones Group PLC lifted its holdings in shares of Electronic Arts by 12.5% during the fourth quarter. Rathbones Group PLC now owns 206,231 shares of the game software company's stock worth $30,172,000 after buying an additional 22,863 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Electronic Arts by 3.9% in the fourth quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock worth $472,362,000 after acquiring an additional 120,632 shares during the last quarter. Institutional investors own 90.23% of the company's stock.

Remove Ads

Electronic Arts Price Performance

Shares of NASDAQ:EA traded up $3.54 during trading on Friday, reaching $142.93. The stock had a trading volume of 3,116,905 shares, compared to its average volume of 2,613,980. The stock has a market capitalization of $37.25 billion, a PE ratio of 36.37, a P/E/G ratio of 3.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The business's 50-day moving average price is $136.45 and its 200 day moving average price is $144.33.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, equities analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The business 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. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's payout ratio is presently 19.34%.

Analysts Set New Price Targets

Several research firms recently commented on EA. Citigroup cut their target price 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. DA Davidson assumed coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price objective for the company. Moffett Nathanson upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research note on Friday, January 31st. Raymond James lowered Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. Finally, Bank of America raised their price objective on Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts presently has a consensus rating of "Hold" and an average target price of $155.30.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on 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 of the company's stock, 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 is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were 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 owns 42,615 shares in the company, valued at approximately $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 three months, insiders sold 22,000 shares of company stock valued at $3,015,990. 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.