Farringdon Capital Ltd. Acquires New Stake in Electronic Arts Inc. (NASDAQ:EA)

Farringdon Capital Ltd. purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,623 shares of the game software company's stock, valued at approximately $384,000.

Other hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. raised its stake in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after buying an additional 117 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts in the fourth quarter worth $32,000. Millstone Evans Group LLC bought a new stake in shares of Electronic Arts during the 4th quarter valued at $37,000. SBI Securities Co. Ltd. purchased a new position in shares of Electronic Arts during the 4th quarter valued at $41,000. Finally, OFI Invest Asset Management bought a new position in shares of Electronic Arts in the fourth quarter worth about $42,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $145.37, for a total value of $726,850.00. Following the completion of the sale, the chief executive officer now directly owns 27,615 shares in the company, valued at approximately $4,014,392.55. This represents a 15.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock worth $3,032,740 over the last quarter. Corporate insiders own 0.22% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of Electronic Arts from $150.00 to $135.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. StockNews.com cut Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. UBS Group increased their price target on Electronic Arts from $138.00 to $152.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. BMO Capital Markets dropped their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Finally, Bank of America raised their price objective on Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $154.00.

Electronic Arts Stock Down 1.6 %

Shares of Electronic Arts stock traded down $2.32 during trading on Wednesday, reaching $143.55. The company had a trading volume of 768,967 shares, compared to its average volume of 2,627,881. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The firm's fifty day moving average is $138.37 and its 200-day moving average is $144.42. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a market cap of $37.41 billion, a price-to-earnings ratio of 36.53, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79.

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%. On average, analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid 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 is currently 19.34%.

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.