Envestnet Asset Management Inc. Acquires 16,622 Shares of Electronic Arts Inc. (NASDAQ:EA)

Envestnet Asset Management Inc. raised its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 810,769 shares of the game software company's stock after acquiring an additional 16,622 shares during the period. Envestnet Asset Management Inc. owned approximately 0.31% of Electronic Arts worth $118,616,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC boosted its stake in Electronic Arts by 6.8% during the 3rd quarter. Janus Henderson Group PLC now owns 34,734 shares of the game software company's stock valued at $4,982,000 after purchasing an additional 2,200 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Electronic Arts by 6.7% during the 3rd quarter. Quantinno Capital Management LP now owns 25,765 shares of the game software company's stock worth $3,696,000 after acquiring an additional 1,619 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Electronic Arts by 11.5% in the third quarter. Stifel Financial Corp now owns 168,513 shares of the game software company's stock valued at $24,180,000 after purchasing an additional 17,375 shares during the last quarter. Insigneo Advisory Services LLC purchased a new position in Electronic Arts during the third quarter worth about $363,000. Finally, EP Wealth Advisors LLC purchased a new stake in Electronic Arts in the 3rd quarter valued at about $1,230,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction 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 transaction, the insider now directly owns 47,514 shares of the company's stock, valued at $6,216,256.62. The trade was 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 through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the sale, the insider now directly owns 28,216 shares of the company's stock, valued at $3,443,198.48. The trade was a 3.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,000 shares of company stock valued at $3,015,990. Corporate insiders own 0.22% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EA. UBS Group lifted their price target on Electronic Arts from $138.00 to $152.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Roth Mkm reduced their target price on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. Citigroup dropped their price objective on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock 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 price target on the stock in a research report on Friday, January 31st. Finally, DA Davidson began coverage on Electronic Arts in a research note on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $155.30.

Electronic Arts Price Performance

Shares of EA stock traded up $3.54 during trading on Friday, hitting $142.93. The company had a trading volume of 3,116,905 shares, compared to its average volume of 2,617,577. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The stock has a market capitalization of $37.25 billion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. 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 stock's 50-day moving average is $136.45 and its two-hundred day moving average is $144.34.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its earnings results 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 return on equity of 17.80% and a net margin of 14.28%. As a group, analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

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