Charles Schwab Investment Management Inc. Grows Stake in Electronic Arts Inc. (NASDAQ:EA)

Charles Schwab Investment Management Inc. lifted its position in Electronic Arts Inc. (NASDAQ:EAGet Rating) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,355,903 shares of the game software company’s stock after buying an additional 34,067 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.48% of Electronic Arts worth $178,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Prudential PLC purchased a new position in Electronic Arts during the fourth quarter valued at $603,000. Core Alternative Capital purchased a new position in Electronic Arts during the fourth quarter valued at $90,000. Equitable Holdings Inc. lifted its position in Electronic Arts by 14.9% during the fourth quarter. Equitable Holdings Inc. now owns 2,500 shares of the game software company’s stock valued at $330,000 after purchasing an additional 325 shares in the last quarter. Bigelow Investment Advisors LLC lifted its position in Electronic Arts by 38.4% during the fourth quarter. Bigelow Investment Advisors LLC now owns 2,263 shares of the game software company’s stock valued at $298,000 after purchasing an additional 628 shares in the last quarter. Finally, Pecaut & CO. purchased a new position in Electronic Arts during the fourth quarter valued at $219,000. Institutional investors own 89.28% of the company’s stock.

Several equities analysts recently weighed in on EA shares. Credit Suisse Group lowered their target price on Electronic Arts from $169.00 to $162.00 in a research report on Wednesday, May 11th. Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $151.00 to $141.00 in a research report on Wednesday, May 11th. Wedbush lowered their price objective on Electronic Arts from $180.00 to $164.00 in a research report on Wednesday, May 11th. Wells Fargo & Company lowered their price objective on Electronic Arts from $155.00 to $145.00 in a research report on Wednesday, May 11th. Finally, Raymond James lowered their price objective on Electronic Arts from $158.00 to $150.00 in a research report on Wednesday, May 11th. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Electronic Arts has an average rating of “Buy” and a consensus target price of $155.54.

EA opened at $130.76 on Friday. The stock has a market cap of $36.77 billion, a price-to-earnings ratio of 47.38, a P/E/G ratio of 2.10 and a beta of 0.83. The stock’s 50 day moving average price is $124.08 and its 200-day moving average price is $128.86. Electronic Arts Inc. has a one year low of $109.24 and a one year high of $148.93. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.20 and a current ratio of 1.18.

Electronic Arts (NASDAQ:EAGet Rating) last released its earnings results on Tuesday, May 10th. The game software company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.63). The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.77 billion. Electronic Arts had a net margin of 11.29% and a return on equity of 18.99%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 EPS. As a group, analysts predict that Electronic Arts Inc. will post 5.53 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 8th will be paid a dividend of $0.19 per share. This is a boost from Electronic Arts’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, June 7th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. Electronic Arts’s dividend payout ratio is currently 24.64%.

In other news, insider Chris Bruzzo sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $128.39, for a total transaction of $256,780.00. Following the transaction, the insider now owns 27,524 shares in the company, valued at $3,533,806.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $130.55, for a total value of $104,440.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,700 shares of company stock worth $5,770,889. Insiders own 0.65% of the company’s stock.

Electronic Arts Company Profile (Get Rating)

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 Plants vs.

Read More

Want to see what other hedge funds are holding EA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electronic Arts Inc. (NASDAQ:EAGet Rating).

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.