Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Jump Financial LLC

Jump Financial LLC boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 164.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,978 shares of the game software company's stock after acquiring an additional 7,445 shares during the period. Jump Financial LLC's holdings in Electronic Arts were worth $1,752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. boosted its holdings in Electronic Arts by 141.0% in 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 in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts during the 4th quarter worth approximately $32,000. Millstone Evans Group LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at $37,000. SBI Securities Co. Ltd. purchased a new position in shares of Electronic Arts in the 4th quarter valued at $41,000. Finally, OFI Invest Asset Management acquired a new stake in Electronic Arts during the 4th quarter worth $42,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Benchmark raised their price objective on Electronic Arts from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 24th. BNP Paribas downgraded Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price target on the stock. in a research note on Monday, January 27th. Oppenheimer reduced their price objective on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a research note on Tuesday, January 21st. Wedbush restated an "outperform" rating and set a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Finally, Bank of America lifted their price objective on shares of 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 issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $154.00.

Electronic Arts Trading Up 1.7 %

NASDAQ:EA traded up $2.45 on Thursday, hitting $146.18. 1,705,965 shares of the stock were exchanged, compared to its average volume of 2,637,669. The stock has a fifty day moving average of $138.66 and a 200-day moving average of $144.41. The stock has a market cap of $38.10 billion, a PE ratio of 37.20, a PEG ratio of 3.58 and a beta of 0.79. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, equities analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. Electronic Arts's payout ratio is 19.34%.

Insider Buying and Selling

In other news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the sale, the insider now directly owns 47,514 shares of the company's stock, valued at approximately $6,216,256.62. The trade was a 5.00 % 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 business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the transaction, the chief executive officer now owns 37,615 shares in the company, valued at approximately $4,895,216.10. This trade represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,000 shares of company stock valued at $3,032,740. Company 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.