Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Huntington National Bank

Huntington National Bank grew its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 31.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 338,870 shares of the game software company's stock after buying an additional 80,968 shares during the quarter. Huntington National Bank owned 0.13% of Electronic Arts worth $49,577,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Electronic Arts by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock valued at $978,650,000 after purchasing an additional 30,929 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Electronic Arts by 6.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock valued at $648,169,000 after purchasing an additional 270,991 shares during the period. Amundi increased its stake in Electronic Arts by 4.3% in the 4th quarter. Amundi now owns 2,990,729 shares of the game software company's stock valued at $431,315,000 after buying an additional 122,494 shares during the period. Bank of New York Mellon Corp increased its position in Electronic Arts by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company's stock worth $261,772,000 after purchasing an additional 23,289 shares during the period. Finally, Swedbank AB raised its position in Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock worth $235,224,000 after acquiring an additional 95,190 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have issued reports on EA shares. Stifel Nicolaus dropped their target price on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. DA Davidson initiated coverage on Electronic Arts in a report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price objective for the company. Citigroup lowered their target price on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Ascendiant Capital Markets lifted their price target on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Finally, BMO Capital Markets dropped their target price on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $155.30.

Electronic Arts Trading Down 1.9 %

Shares of NASDAQ EA traded down $2.56 during midday trading on Monday, hitting $132.79. The stock had a trading volume of 2,056,550 shares, compared to its average volume of 4,087,515. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a market capitalization of $34.61 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 3.58 and a beta of 0.79. The company has a fifty day moving average price of $134.10 and a 200 day moving average price of $144.60.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its quarterly earnings results 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 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 0.57%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the sale, the insider now directly owns 26,216 shares of the company's stock, valued at approximately $3,801,320. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total value of $713,400.00. Following the transaction, the chief executive officer now owns 42,615 shares of the company's stock, valued at approximately $6,080,308.20. This trade represents a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock worth $3,015,990 over the last quarter. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Company 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.