West Tower Group LLC Takes Position in Electronic Arts Inc. (NASDAQ:EA)

West Tower Group LLC bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 4,000 shares of the game software company's stock, valued at approximately $585,000. Electronic Arts makes up about 1.3% of West Tower Group LLC's investment portfolio, making the stock its 19th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EA. Los Angeles Capital Management LLC increased its holdings in shares of Electronic Arts by 353.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock worth $185,692,000 after buying an additional 989,319 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Electronic Arts by 51.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company's stock valued at $160,893,000 after purchasing an additional 373,730 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Electronic Arts by 8,503.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company's stock valued at $45,626,000 after purchasing an additional 314,388 shares in the last quarter. Raymond James Financial Inc. bought a new position in Electronic Arts during the fourth quarter worth $34,334,000. Finally, Anchor Capital Advisors LLC raised its stake in Electronic Arts by 5,606.4% during the fourth quarter. Anchor Capital Advisors LLC now owns 219,013 shares of the game software company's stock worth $32,042,000 after acquiring an additional 215,175 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EA shares. BNP Paribas downgraded Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price for the company. in a research report on Monday, January 27th. Moffett Nathanson raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a research note on Friday, January 31st. 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. Roth Mkm cut their price target on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a report on Thursday, January 23rd. Finally, Benchmark dropped their price target on shares of Electronic Arts from $163.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Electronic Arts currently has an average rating of "Hold" and an average target price of $154.78.

Electronic Arts Trading Up 0.7 %

EA stock traded up $1.05 on Friday, reaching $144.30. The company's stock had a trading volume of 9,254,820 shares, compared to its average volume of 2,408,865. The business has a fifty day simple moving average of $132.76 and a two-hundred day simple moving average of $144.64. The firm has a market cap of $37.61 billion, a PE ratio of 36.72, a PEG ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) 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%. As a group, research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is 19.34%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the completion of the transaction, the chief financial officer now owns 9,516 shares in the company, valued at $1,238,126.76. The trade was a 9.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total transaction of $712,500.00. Following the sale, the chief executive officer now directly owns 32,615 shares of the company's stock, valued at approximately $4,647,637.50. This trade represents a 13.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,000 shares of company stock worth $3,166,740. 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.