Xponance Inc. Purchases 13,704 Shares of Electronic Arts Inc. (NASDAQ:EA)

Xponance Inc. lifted its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 34.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,689 shares of the game software company's stock after buying an additional 13,704 shares during the period. Xponance Inc.'s holdings in Electronic Arts were worth $7,855,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EA. Generali Asset Management SPA SGR bought a new position in shares of Electronic Arts in the fourth quarter valued at $5,117,000. Signaturefd LLC raised its position in shares of Electronic Arts by 8.1% during the fourth quarter. Signaturefd LLC now owns 4,724 shares of the game software company's stock worth $691,000 after purchasing an additional 353 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Electronic Arts by 6.1% during the fourth quarter. Parallel Advisors LLC now owns 4,774 shares of the game software company's stock valued at $698,000 after purchasing an additional 273 shares during the last quarter. Cibc World Markets Corp lifted its holdings in shares of Electronic Arts by 2.2% during the fourth quarter. Cibc World Markets Corp now owns 156,665 shares of the game software company's stock valued at $22,920,000 after purchasing an additional 3,374 shares during the last quarter. Finally, Addison Capital Co boosted its position in shares of Electronic Arts by 9.3% in the 4th quarter. Addison Capital Co now owns 2,994 shares of the game software company's stock valued at $438,000 after purchasing an additional 256 shares during the period. Institutional investors and hedge funds own 90.23% of the company's stock.

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Electronic Arts Stock Performance

NASDAQ:EA traded up $0.25 during mid-day trading on Monday, hitting $144.55. 2,848,070 shares of the company's stock traded hands, compared to its average volume of 2,410,621. The firm has a market capitalization of $37.67 billion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The firm has a 50 day moving average of $132.76 and a two-hundred day moving average of $144.62. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. 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 posted 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 net margin of 14.28% and a return on equity of 17.80%. On average, equities analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal 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 given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts's dividend payout ratio is currently 19.34%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EA shares. Citigroup decreased their price objective on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Robert W. Baird decreased their price target on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a report on Thursday, January 23rd. Wedbush reiterated an "outperform" rating and issued a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. Raymond James lowered shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. Finally, Oppenheimer dropped their price target on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 21st. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $155.65.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $142.50, for a total transaction of $712,500.00. Following the transaction, the chief executive officer now owns 32,615 shares of the company's stock, valued at approximately $4,647,637.50. This represents a 13.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,000 shares of company stock worth $3,166,740. Company insiders own 0.22% of the company's stock.

About Electronic Arts

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.