Portfolio Design Labs LLC Grows Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Portfolio Design Labs LLC lifted its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 18.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,065 shares of the game software company's stock after purchasing an additional 3,968 shares during the period. Portfolio Design Labs LLC's holdings in Electronic Arts were worth $3,667,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Sovran Advisors LLC bought a new position in Electronic Arts in the fourth quarter worth approximately $214,000. Arlington Partners LLC boosted its holdings in Electronic Arts by 1.0% in the fourth quarter. Arlington Partners LLC now owns 28,004 shares of the game software company's stock worth $4,097,000 after acquiring an additional 269 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Electronic Arts during the 4th quarter worth approximately $83,000. Savant Capital LLC grew its holdings in shares of Electronic Arts by 11.8% during the fourth quarter. Savant Capital LLC now owns 3,622 shares of the game software company's stock valued at $530,000 after buying an additional 381 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its stake in Electronic Arts by 84.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 5,805 shares of the game software company's stock valued at $849,000 after purchasing an additional 2,661 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EA has been the topic of a number of research reports. StockNews.com lowered shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. Stifel Nicolaus cut their price target on Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a research note on Tuesday, January 21st. Wedbush reiterated an "outperform" rating and set a $173.00 price target on shares of Electronic Arts in a research report on Thursday, January 23rd. Argus raised their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, Roth Mkm reduced their target price on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research note on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of "Hold" and a consensus price target of $155.24.

Electronic Arts Trading Down 0.3 %

Shares of Electronic Arts stock traded down $0.42 on Friday, reaching $129.40. The company had a trading volume of 2,319,025 shares, compared to its average volume of 4,962,315. The firm's 50 day moving average price is $140.43 and its two-hundred day moving average price is $146.88. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.38. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The firm has a market cap of $33.72 billion, a PE ratio of 32.93, a PEG ratio of 2.74 and a beta of 0.79.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced 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 net margin of 14.28% and a return on equity of 17.80%. Sell-side analysts predict that Electronic Arts Inc. will post 4.99 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.59%. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.

Insiders Place Their Bets

In related news, insider Laura Miele sold 2,500 shares of the firm'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 sale, the insider now owns 47,514 shares of the company's stock, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the transaction, the chief executive officer now owns 52,615 shares of the company's stock, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,500 shares of company stock worth $3,644,635 over the last three months. 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.