Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group grew its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 100.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 801,915 shares of the game software company's stock after buying an additional 402,501 shares during the period. Schroder Investment Management Group owned 0.31% of Electronic Arts worth $117,513,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EA. Claro Advisors LLC boosted its holdings in Electronic Arts by 3.4% in the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock worth $334,000 after acquiring an additional 75 shares in the last quarter. Intrust Bank NA lifted its stake in shares of Electronic Arts by 3.3% during the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock worth $362,000 after buying an additional 78 shares during the period. Parkside Financial Bank & Trust raised its stake in Electronic Arts by 11.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock worth $119,000 after acquiring an additional 81 shares during the last quarter. Ballentine Partners LLC grew its stake in Electronic Arts by 2.2% during the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock valued at $550,000 after purchasing an additional 82 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of Electronic Arts by 1.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company's stock worth $708,000 after purchasing an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

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Wall Street Analysts Forecast Growth

EA has been the topic of several research reports. Oppenheimer cut their price target on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, January 21st. Raymond James downgraded Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 23rd. Roth Mkm decreased their price objective on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a report on Thursday, January 23rd. DA Davidson assumed coverage on Electronic Arts in a research note on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 target price on the stock. Finally, Citigroup reduced their price target 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. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Electronic Arts currently has a consensus rating of "Hold" and a consensus price target of $155.30.

Electronic Arts Price Performance

Shares of NASDAQ EA traded down $9.51 during midday trading on Friday, hitting $135.34. The stock had a trading volume of 4,708,967 shares, compared to its average volume of 2,570,263. 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 stock has a 50 day simple moving average of $134.10 and a 200-day simple moving average of $144.56. The company has a market capitalization of $35.27 billion, a PE ratio of 34.44, a P/E/G ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50.

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%. On average, sell-side analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.56%. Electronic Arts's payout ratio is 19.34%.

Insider Activity

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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction 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 represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock worth $3,015,990 over the last ninety days. Corporate insiders own 0.22% of the company's stock.

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.