Vestmark Advisory Solutions Inc. bought a new position in Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,880 shares of the game software company's stock, valued at approximately $275,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC raised its stake in shares of Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after buying an additional 70 shares during the period. Claro Advisors LLC raised its stake in shares of 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 buying an additional 75 shares during the period. Prime Capital Investment Advisors LLC raised its stake in shares of Electronic Arts by 5.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company's stock worth $225,000 after buying an additional 76 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Electronic Arts by 11.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock worth $119,000 after buying an additional 81 shares during the period. Finally, Ballentine Partners LLC raised its stake in shares of Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock worth $550,000 after buying an additional 82 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
EA has been the topic of several recent analyst reports. Benchmark decreased their target price on Electronic Arts from $163.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Robert W. Baird decreased their target price on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a research note on Thursday, January 23rd. Oppenheimer decreased their target price on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 21st. BMO Capital Markets decreased their target price on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus decreased their target price on Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research note on Tuesday, January 21st. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Electronic Arts presently has an average rating of "Hold" and a consensus price target of $154.78.
Check Out Our Latest Report on EA
Electronic Arts Trading Up 0.3 %
Shares of Electronic Arts stock traded up $0.39 on Monday, reaching $140.43. The company had a trading volume of 5,438,914 shares, compared to its average volume of 4,417,884. The firm has a market cap of $36.60 billion, a price-to-earnings ratio of 35.73, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm's 50-day moving average price is $133.54 and its two-hundred day moving average price is $145.16. 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 posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) 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%. As a group, research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.
Electronic Arts Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts's payout ratio is currently 19.34%.
Insider Activity at Electronic Arts
In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the sale, the chief executive officer now directly owns 37,615 shares in the company, valued at approximately $4,895,216.10. This represents a 11.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the sale, the insider now owns 29,216 shares of the company's stock, valued at $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,500 shares of company stock worth $3,428,645 in the last quarter. 0.22% of the stock is owned by company insiders.
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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