Russell Investments Group Ltd. Acquires 41,882 Shares of Electronic Arts Inc. (NASDAQ:EA)

Russell Investments Group Ltd. boosted its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 19.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 256,622 shares of the game software company's stock after acquiring an additional 41,882 shares during the period. Russell Investments Group Ltd. owned 0.10% of Electronic Arts worth $37,560,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Wedbush Securities Inc. raised its stake in shares of Electronic Arts by 6.4% during the 4th quarter. Wedbush Securities Inc. now owns 1,503 shares of the game software company's stock worth $220,000 after buying an additional 91 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Electronic Arts by 2.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 810,769 shares of the game software company's stock valued at $118,616,000 after acquiring an additional 16,622 shares during the period. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in Electronic Arts during the 4th quarter worth approximately $2,436,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Electronic Arts in the fourth quarter worth $1,084,000. Finally, Resona Asset Management Co. Ltd. purchased a new position in Electronic Arts in the fourth quarter valued at about $14,741,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the transaction, the insider now directly owns 28,216 shares in the company, valued at $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total value of $713,400.00. Following the sale, the chief executive officer now directly owns 42,615 shares of the company's stock, valued at $6,080,308.20. This represents a 10.50 % decrease in their ownership of the stock. 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. 0.22% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

A number of brokerages have commented on EA. Citigroup cut their price objective on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Roth Mkm dropped their target price on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. DA Davidson initiated coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price target on the stock. UBS Group lifted their price objective on shares of Electronic Arts from $138.00 to $152.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Finally, 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. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Electronic Arts presently has an average rating of "Hold" and an average price target of $155.30.

Electronic Arts Stock Up 2.5 %

Shares of NASDAQ EA traded up $3.54 during mid-day trading on Friday, reaching $142.93. The company had a trading volume of 3,116,905 shares, compared to its average volume of 2,617,577. The stock 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. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The stock's 50 day moving average is $136.45 and its 200-day moving average is $144.34.

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

Electronic Arts Dividend Announcement

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

About Electronic Arts

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.