Optimize Financial Inc Purchases New Position in Electronic Arts Inc. (NASDAQ:EA)

Optimize Financial Inc bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,761 shares of the game software company's stock, valued at approximately $989,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in Electronic Arts by 0.5% during 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 during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Electronic Arts by 6.5% during 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 buying an additional 270,991 shares during the last quarter. Invesco Ltd. boosted its position in shares of Electronic Arts by 3.9% during the fourth quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock worth $472,362,000 after buying an additional 120,632 shares during the period. Amundi boosted its position in shares of Electronic Arts by 4.3% during the fourth quarter. Amundi now owns 2,990,729 shares of the game software company's stock worth $431,315,000 after buying an additional 122,494 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Electronic Arts by 1.3% in 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 buying an additional 23,289 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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Electronic Arts Trading Up 0.1 %

EA stock traded up $0.11 during mid-day trading on Tuesday, reaching $145.61. 2,276,816 shares of the stock traded hands, compared to its average volume of 2,620,926. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The stock's fifty day moving average is $137.03 and its 200-day moving average is $144.35. The company has a market cap of $37.95 billion, a P/E ratio of 37.05, 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 (NASDAQ:EA - Get Free Report) last released its quarterly 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 net margin of 14.28% and a return on equity of 17.80%. As a group, sell-side analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a $0.19 dividend. 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 dividend payout ratio (DPR) is presently 19.34%.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the sale, the chief executive officer now owns 42,615 shares of the company's stock, valued at $6,080,308.20. This trade represents a 10.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total transaction of $215,175.00. Following the transaction, the executive vice president now owns 23,386 shares in the company, valued at approximately $3,354,721.70. This represents a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,000 shares of company stock worth $3,015,990. 0.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BNP Paribas lowered Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price target for the company. in a research report on Monday, January 27th. DA Davidson started coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price objective for the company. Bank of America raised their target price 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. Wedbush restated an "outperform" rating and set a $173.00 price target on shares of Electronic Arts in a research report on Thursday, January 23rd. Finally, UBS Group increased their price objective on shares of Electronic Arts from $138.00 to $152.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $155.30.

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.