Virtu Financial LLC Purchases Shares of 4,497 Electronic Arts Inc. (NASDAQ:EA)

Virtu Financial LLC acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,497 shares of the game software company's stock, valued at approximately $658,000.

Several other institutional investors have also recently added to or reduced their stakes in EA. Pinnacle Bancorp Inc. increased its stake in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after buying an additional 117 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth about $32,000. Millstone Evans Group LLC purchased a new position in Electronic Arts in the fourth quarter valued at approximately $37,000. SBI Securities Co. Ltd. purchased a new position in shares of Electronic Arts in the 4th quarter valued at $41,000. Finally, Larson Financial Group LLC grew its holdings in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. BMO Capital Markets decreased their price objective on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. StockNews.com downgraded shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Moffett Nathanson raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a report on Friday, January 31st. Raymond James downgraded shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 23rd. Finally, Roth Mkm dropped their price target on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. Thirteen 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 has an average rating of "Hold" and a consensus target price of $155.65.

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Electronic Arts Stock Down 0.7 %

NASDAQ EA traded down $1.05 during trading hours on Friday, hitting $144.25. The company had a trading volume of 2,423,549 shares, compared to its average volume of 2,540,580. The company has a market capitalization of $37.59 billion, a price-to-earnings ratio of 36.70, a P/E/G ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The firm's 50 day moving average is $133.00 and its 200 day moving average is $144.62. 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 issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 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%. Sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share 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. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's dividend payout ratio is presently 19.34%.

Insider Buying and Selling at Electronic Arts

In other news, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the transaction, the chief financial officer now directly owns 9,516 shares in the company, valued at approximately $1,238,126.76. This trade represents a 9.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total value of $712,500.00. Following the completion of the transaction, the chief executive officer now directly owns 32,615 shares in the company, valued at $4,647,637.50. This represents a 13.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock worth $3,018,560 over the last 90 days. Insiders own 0.22% of the company's stock.

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.