Treasurer of the State of North Carolina lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 119,313 shares of the game software company's stock after purchasing an additional 2,440 shares during the quarter. Treasurer of the State of North Carolina's holdings in Electronic Arts were worth $17,455,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC raised its stake in Electronic Arts by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock worth $978,650,000 after acquiring an additional 30,929 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Electronic Arts by 6.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock valued at $648,169,000 after purchasing an additional 270,991 shares during the period. Invesco Ltd. grew its stake in Electronic Arts by 3.9% during the 4th quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock worth $472,362,000 after buying an additional 120,632 shares during the last quarter. Amundi increased its position in Electronic Arts by 4.3% during the fourth quarter. Amundi now owns 2,990,729 shares of the game software company's stock worth $431,315,000 after buying an additional 122,494 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Electronic Arts by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company's stock valued at $261,772,000 after buying an additional 23,289 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Stifel Nicolaus cut 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. Moffett Nathanson raised shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a report on Friday, January 31st. BMO Capital Markets lowered their price target on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Bank of America upped their price objective on Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Finally, Citigroup dropped their target price on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Thirteen equities 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.com, Electronic Arts presently has a consensus rating of "Hold" and a consensus target price of $155.30.
Get Our Latest Stock Report on Electronic Arts
Insider Transactions at Electronic Arts
In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Tuesday, January 21st. The shares were 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 approximately $6,080,308.20. The trade was a 10.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the sale, the insider now directly owns 26,216 shares of the company's stock, valued at approximately $3,801,320. This trade represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock worth $3,015,990 in the last ninety days. Insiders own 0.22% of the company's stock.
Electronic Arts Trading Up 0.1 %
EA traded up $0.11 during trading on Tuesday, hitting $145.61. The company's stock had a trading volume of 2,276,816 shares, compared to its average volume of 2,620,921. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The stock has a market cap of $37.95 billion, a PE ratio of 37.05, a PEG ratio of 3.58 and a beta of 0.79. The firm's 50 day moving average price is $136.76 and its 200-day moving average price is $144.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.
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 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%. On average, analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current 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 dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. Electronic Arts's dividend payout ratio is presently 19.34%.
About Electronic Arts
(
Free Report)
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.
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