Montag A & Associates Inc. Increases Holdings in Electronic Arts Inc. (NASDAQ:EA)

Montag A & Associates Inc. boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 418,914.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,331 shares of the game software company's stock after buying an additional 29,324 shares during the period. Montag A & Associates Inc.'s holdings in Electronic Arts were worth $4,291,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EA. Robeco Institutional Asset Management B.V. lifted its stake in Electronic Arts by 51.5% during the fourth 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 during the last quarter. abrdn plc lifted its stake in Electronic Arts by 59.2% during the third quarter. abrdn plc now owns 858,840 shares of the game software company's stock worth $123,484,000 after purchasing an additional 319,335 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Electronic Arts by 8,503.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company's stock worth $45,626,000 after buying an additional 314,388 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Electronic Arts in the third quarter worth about $40,154,000. Finally, Huntington National Bank increased its holdings in shares of Electronic Arts by 983.4% in the third quarter. Huntington National Bank now owns 257,902 shares of the game software company's stock worth $36,993,000 after buying an additional 234,098 shares during the period. Institutional investors own 90.23% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on EA. JPMorgan Chase & Co. decreased their price objective on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. BNP Paribas downgraded Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price objective on the stock. in a report on Monday, January 27th. Stifel Nicolaus decreased their price objective on Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. Roth Mkm decreased their price objective on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a report on Thursday, January 23rd. Finally, Robert W. Baird decreased their price objective on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $154.55.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the transaction, the chief executive officer now directly owns 47,615 shares of the company's stock, valued at approximately $7,047,020. This represents a 9.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the transaction, the insider now directly owns 47,514 shares in the company, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,500 shares of company stock valued at $2,812,285 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Up 0.8 %

Electronic Arts stock traded up $0.99 during trading hours on Wednesday, hitting $129.34. 3,558,440 shares of the stock traded hands, compared to its average volume of 4,226,687. The firm's 50-day moving average price is $138.96 and its two-hundred day moving average price is $146.57. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a market cap of $33.71 billion, a PE ratio of 32.91, a PEG ratio of 3.54 and a beta of 0.79. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 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%. On average, research analysts forecast that Electronic Arts Inc. will post 4.75 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.59%. Electronic Arts's dividend payout ratio 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.