Massachusetts Financial Services Co. MA Acquires 270,991 Shares of Electronic Arts Inc. (NASDAQ:EA)

Massachusetts Financial Services Co. MA lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,430,409 shares of the game software company's stock after purchasing an additional 270,991 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.70% of Electronic Arts worth $648,169,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 in the company, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction on 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 in the company, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,000 shares of company stock worth $3,015,990. Company insiders own 0.22% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several equities analysts recently commented on EA shares. Oppenheimer cut their target price on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday, January 21st. Raymond James cut Electronic Arts from an "outperform" rating to a "market perform" rating in a report on Thursday, January 23rd. Moffett Nathanson raised shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research note on Friday, January 31st. Citigroup decreased their price target on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, Bank of America lifted their target price 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 given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $155.30.

Electronic Arts Price Performance

NASDAQ EA traded down $2.08 on Monday, hitting $133.27. 1,912,988 shares of the company's stock were exchanged, compared to its average volume of 2,571,818. The stock has a 50-day moving average of $134.10 and a 200-day moving average of $144.60. The stock has a market cap of $34.73 billion, a price-to-earnings ratio of 33.76, a P/E/G 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 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.57%. Electronic Arts's dividend payout ratio (DPR) is currently 19.34%.

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.