Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Westpac Banking Corp

Westpac Banking Corp grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 12.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,121 shares of the game software company's stock after purchasing an additional 3,881 shares during the period. Westpac Banking Corp's holdings in Electronic Arts were worth $4,992,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in EA. Townsquare Capital LLC increased its position in shares of Electronic Arts by 94.3% in the third quarter. Townsquare Capital LLC now owns 3,891 shares of the game software company's stock valued at $558,000 after buying an additional 1,888 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in Electronic Arts by 11.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 8,869 shares of the game software company's stock valued at $1,272,000 after acquiring an additional 900 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in Electronic Arts by 6,416.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 12,056 shares of the game software company's stock valued at $1,729,000 after acquiring an additional 11,871 shares in the last quarter. Holocene Advisors LP raised its position in Electronic Arts by 22.9% during the third quarter. Holocene Advisors LP now owns 16,914 shares of the game software company's stock worth $2,426,000 after acquiring an additional 3,150 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Electronic Arts by 6.8% in the third quarter. Janus Henderson Group PLC now owns 34,734 shares of the game software company's stock valued at $4,982,000 after purchasing an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

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Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares of the company's stock, valued at approximately $3,801,320. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total transaction of $215,175.00. Following the transaction, the executive vice president now directly owns 23,386 shares of the company's stock, valued at $3,354,721.70. The trade was a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,000 shares of company stock valued at $3,015,990. Company insiders own 0.22% of the company's stock.

Electronic Arts Stock Up 0.6 %

Shares of EA stock traded up $0.79 during mid-day trading on Tuesday, reaching $135.41. 759,452 shares of the company were exchanged, compared to its average volume of 2,579,839. 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 simple moving average is $134.43 and its 200 day simple moving average is $144.56. The company has a market capitalization of $35.29 billion, a P/E ratio of 34.51, 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.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its quarterly earnings data 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%. Research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.56%. Electronic Arts's dividend payout ratio (DPR) is 19.34%.

Wall Street Analyst Weigh In

A number of analysts recently commented on EA shares. Benchmark increased their price objective on Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, March 24th. BMO Capital Markets lowered their price target on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Ascendiant Capital Markets raised their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. StockNews.com downgraded Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Finally, UBS Group raised their price target on Electronic Arts from $138.00 to $152.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of "Hold" and an average target price of $155.30.

Electronic Arts Company 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.