Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Rathbones Group PLC

Rathbones Group PLC boosted its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 206,231 shares of the game software company's stock after purchasing an additional 22,863 shares during the quarter. Rathbones Group PLC owned about 0.08% of Electronic Arts worth $30,172,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Pinnacle Bancorp Inc. boosted its stake in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Electronic Arts in the 4th quarter worth about $32,000. Millstone Evans Group LLC bought a new stake in Electronic Arts in the 4th quarter worth about $37,000. SBI Securities Co. Ltd. bought a new position in Electronic Arts during the 4th quarter valued at about $41,000. Finally, OFI Invest Asset Management purchased 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 hedge funds and other institutional investors.

Electronic Arts Stock Up 2.5 %

Shares of EA traded up $3.54 during mid-day trading on Friday, hitting $142.93. 3,116,905 shares of the company traded hands, compared to its average volume of 2,613,980. The company has a market capitalization of $37.25 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average of $136.45 and a 200 day moving average of $144.33. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

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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 net margin of 14.28% and a return on equity of 17.80%. Equities research analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's payout ratio is presently 19.34%.

Analysts Set New Price Targets

Several research firms have recently commented on EA. Benchmark boosted their target price on shares of Electronic Arts from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Citigroup cut their price objective on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. DA Davidson began coverage on Electronic Arts in a research report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 target price on the stock. Bank of America raised their price target on Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Finally, UBS Group upped their price objective on Electronic Arts from $138.00 to $152.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Electronic Arts has a consensus rating of "Hold" and an average price target of $155.30.

Insiders Place Their Bets

In other 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 transaction of $713,400.00. Following the transaction, the chief executive officer now owns 42,615 shares in the company, 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 the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the sale, the insider now directly owns 28,216 shares of the company's stock, valued at approximately $3,443,198.48. The trade was a 3.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,000 shares of company stock worth $3,015,990. Corporate 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.