Primecap Management Co. CA Has $97.86 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Primecap Management Co. CA trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 668,930 shares of the game software company's stock after selling 41,200 shares during the period. Primecap Management Co. CA owned approximately 0.26% of Electronic Arts worth $97,864,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. increased its holdings in shares of Electronic Arts by 141.0% during the fourth 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 during the period. Whipplewood Advisors LLC acquired a new position in shares of Electronic Arts during the fourth quarter valued at $32,000. SBI Securities Co. Ltd. bought a new position in Electronic Arts during the fourth quarter valued at about $41,000. Larson Financial Group LLC boosted its stake in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock valued at $42,000 after buying an additional 70 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in Electronic Arts during the fourth quarter valued at about $42,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the sale, the chief executive officer now owns 32,615 shares of the company's stock, valued at $4,647,637.50. This trade represents a 13.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the sale, the insider now directly owns 47,514 shares in the company, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,000 shares of company stock valued at $3,166,740. Corporate insiders own 0.22% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EA shares. BNP Paribas cut Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price for the company. in a research note on Monday, January 27th. Citigroup decreased their target price on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Moffett Nathanson raised 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. StockNews.com cut Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. Finally, Raymond James lowered Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Electronic Arts currently has an average rating of "Hold" and a consensus price target of $154.78.

Electronic Arts Stock Up 0.7 %

Shares of EA traded up $1.05 during midday trading on Friday, reaching $144.30. 9,254,820 shares of the stock were exchanged, compared to its average volume of 2,406,311. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The firm has a 50 day simple moving average of $132.76 and a 200-day simple moving average of $144.65. 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 company has a market cap of $37.61 billion, a price-to-earnings ratio of 36.72, a P/E/G ratio of 3.58 and a beta of 0.78.

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 for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

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

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.