ING Groep NV lessened its stake in Electronic Arts Inc. (NASDAQ:EA) by 90.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,939 shares of the game software company’s stock after selling 180,196 shares during the quarter. ING Groep NV’s holdings in Electronic Arts were worth $2,564,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of EA. CIBC Asset Management Inc lifted its holdings in shares of Electronic Arts by 6.1% in the fourth quarter. CIBC Asset Management Inc now owns 65,339 shares of the game software company’s stock valued at $9,383,000 after purchasing an additional 3,780 shares in the last quarter. Winslow Evans & Crocker Inc. lifted its holdings in Electronic Arts by 81.3% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 223 shares of the game software company’s stock worth $32,000 after acquiring an additional 100 shares during the period. Meritage Portfolio Management lifted its holdings in Electronic Arts by 6.0% during the fourth quarter. Meritage Portfolio Management now owns 22,359 shares of the game software company’s stock worth $3,211,000 after acquiring an additional 1,275 shares during the period. State of Wisconsin Investment Board lifted its holdings in Electronic Arts by 24.1% during the fourth quarter. State of Wisconsin Investment Board now owns 570,061 shares of the game software company’s stock worth $81,861,000 after acquiring an additional 110,775 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Electronic Arts by 4.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 11,003 shares of the game software company’s stock worth $1,580,000 after acquiring an additional 425 shares during the period. Institutional investors own 88.18% of the company’s stock.
A number of analysts recently commented on EA shares. Barclays dropped their price target on Electronic Arts from $145.00 to $142.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 12th. Needham & Company LLC reissued a “buy” rating and issued a $165.00 target price on shares of Electronic Arts in a research report on Wednesday, May 12th. Credit Suisse Group decreased their target price on Electronic Arts from $167.00 to $165.00 and set an “outperform” rating for the company in a research report on Monday, May 17th. KeyCorp raised their target price on Electronic Arts from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 22nd. Finally, Jefferies Financial Group began coverage on Electronic Arts in a research report on Thursday, April 22nd. They issued a “buy” rating and a $165.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $157.81.
Shares of NASDAQ:EA opened at $145.66 on Friday. Electronic Arts Inc. has a 1 year low of $110.15 and a 1 year high of $150.30. The stock has a market cap of $41.69 billion, a P/E ratio of 50.93, a PEG ratio of 4.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.43 and a current ratio of 2.43. The firm’s 50-day simple moving average is $141.75.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Monday, May 10th. The game software company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Electronic Arts had a return on equity of 16.74% and a net margin of 14.87%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the business earned $1.08 EPS. Electronic Arts’s revenue was up 18.6% compared to the same quarter last year. Equities research analysts anticipate that Electronic Arts Inc. will post 4.83 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 23rd. Shareholders of record on Wednesday, June 2nd will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, June 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.47%. Electronic Arts’s dividend payout ratio (DPR) is 14.98%.
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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and Plants v.
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