Stifel Financial Corp Buys 4,154 Shares of Electronic Arts Inc. (NASDAQ:EA)

Stifel Financial Corp grew its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 172,667 shares of the game software company's stock after purchasing an additional 4,154 shares during the period. Stifel Financial Corp owned approximately 0.07% of Electronic Arts worth $25,270,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EA. Claro Advisors LLC boosted its stake in shares of Electronic Arts by 3.4% during the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock worth $334,000 after buying an additional 75 shares during the last quarter. Intrust Bank NA grew its stake in Electronic Arts by 3.3% in the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock valued at $362,000 after purchasing an additional 78 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Electronic Arts by 11.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock valued at $119,000 after purchasing an additional 81 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Electronic Arts by 2.2% during the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock worth $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% during the 4th 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 in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Price Performance

Shares of NASDAQ EA traded up $0.41 during midday trading on Friday, reaching $146.60. The company's stock had a trading volume of 1,836,648 shares, compared to its average volume of 2,650,466. The company has a market cap of $38.21 billion, a P/E ratio of 37.30, a P/E/G ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week 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 business's 50 day moving average price is $139.36 and its two-hundred day moving average price is $144.48.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its earnings results 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, analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EA shares. Ascendiant Capital Markets boosted their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Stifel Nicolaus dropped their target price on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. UBS Group lifted their price target on Electronic Arts from $138.00 to $152.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. BNP Paribas lowered Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price objective on the stock. in a research note on Monday, January 27th. Finally, Morgan Stanley reduced their target price on Electronic Arts from $150.00 to $135.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $154.22.

Insider Activity at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $145.65, for a total transaction of $218,475.00. Following the sale, the executive vice president now owns 19,033 shares of the company's stock, valued at approximately $2,772,156.45. The trade was a 7.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the transaction, the chief executive officer now owns 37,615 shares of the company's stock, valued at $4,895,216.10. The trade was a 11.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock valued at $3,032,740 over the last three months. 0.22% of the stock is owned by insiders.

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.