Erste Asset Management GmbH Grows Holdings in Electronic Arts Inc. (NASDAQ:EA)

Erste Asset Management GmbH raised its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 68.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 177,568 shares of the game software company's stock after acquiring an additional 71,850 shares during the period. Erste Asset Management GmbH owned approximately 0.07% of Electronic Arts worth $26,367,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EA. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts in the third quarter valued at about $25,000. Pinnacle Bancorp Inc. grew its stake in shares of Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after buying an additional 117 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Electronic Arts during the 4th quarter worth approximately $32,000. SBI Securities Co. Ltd. purchased a new stake in shares of Electronic Arts during the 4th quarter valued at approximately $41,000. Finally, Larson Financial Group LLC lifted its holdings in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on EA. Roth Mkm reduced their target price on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. DA Davidson assumed coverage on Electronic Arts in a research report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price objective for the company. BMO Capital Markets decreased their target price on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Moffett Nathanson upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price target for the company in a research report on Friday, January 31st. Finally, Stifel Nicolaus reduced their price target on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research note on Tuesday, January 21st. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $154.78.

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Electronic Arts Stock Up 3.0 %

Shares of EA stock traded up $4.19 during trading hours on Monday, reaching $142.90. 4,510,546 shares of the stock were exchanged, compared to its average volume of 2,389,224. The business's fifty day moving average is $132.85 and its two-hundred day moving average is $144.85. The firm has a market capitalization of $37.24 billion, a P/E ratio of 36.36, a P/E/G ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. 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 (NASDAQ:EA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS 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%. As a group, research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Wednesday, February 26th. Electronic Arts's dividend payout ratio is presently 19.34%.

Insiders Place Their Bets

In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the completion of the transaction, the chief financial officer now owns 9,516 shares in the company, valued at $1,238,126.76. This represents a 9.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the sale, the chief executive officer now owns 47,615 shares in the company, valued at $7,047,020. This trade represents a 9.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock valued at $3,194,240 in the last ninety days. 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.