Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. boosted its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 109.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,876 shares of the game software company's stock after acquiring an additional 3,064 shares during the period. Machina Capital S.A.S.'s holdings in Electronic Arts were worth $860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Los Angeles Capital Management LLC lifted its holdings in shares of Electronic Arts by 353.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock worth $185,692,000 after buying an additional 989,319 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Electronic Arts by 51.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company's stock worth $160,893,000 after purchasing an additional 373,730 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Electronic Arts by 8,503.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company's stock valued at $45,626,000 after purchasing an additional 314,388 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Electronic Arts during the 4th quarter worth approximately $34,334,000. Finally, Huntington National Bank grew its position in shares of Electronic Arts by 983.4% during the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company's stock worth $36,993,000 after purchasing an additional 234,098 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EA. Ascendiant Capital Markets upped their target price on Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Roth Mkm cut their price objective 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. Robert W. Baird reduced their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a research note on Thursday, January 23rd. Wedbush restated an "outperform" rating and issued a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Finally, Citigroup cut their price target on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $154.78.

Insider Transactions at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $156.27, for a total value of $234,405.00. Following the completion of the sale, the executive vice president now owns 24,886 shares in the company, valued at approximately $3,888,935.22. This trade represents a 5.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00. Following the completion of the transaction, the insider now owns 29,216 shares in the company, valued at $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,500 shares of company stock valued at $3,428,645 over the last quarter. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Stock Down 1.3 %

Shares of NASDAQ EA traded down $1.76 on Tuesday, reaching $138.67. 1,041,024 shares of the company's stock traded hands, compared to its average volume of 4,343,230. The business's 50 day simple moving average is $133.54 and its two-hundred day simple moving average is $145.16. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a market cap of $36.14 billion, a price-to-earnings ratio of 35.19, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. 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 (NASDAQ:EA - Get Free Report) last announced 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 return on equity of 17.80% and a net margin of 14.28%. As a group, equities research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts's dividend payout ratio 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.