Prudential PLC Makes New Investment in Electronic Arts Inc. (NASDAQ:EA)

Prudential PLC bought a new position in shares of Electronic Arts Inc. (NASDAQ:EAGet Rating) during the 4th quarter, HoldingsChannel reports. The firm bought 4,568 shares of the game software company’s stock, valued at approximately $603,000.

Several other large investors also recently bought and sold shares of EA. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Electronic Arts by 82.2% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 922 shares of the game software company’s stock worth $123,000 after purchasing an additional 416 shares during the period. ProShare Advisors LLC increased its stake in Electronic Arts by 56.4% in the fourth quarter. ProShare Advisors LLC now owns 528,016 shares of the game software company’s stock valued at $69,645,000 after acquiring an additional 190,435 shares during the last quarter. National Bank of Canada FI bought a new position in Electronic Arts in the fourth quarter valued at $6,482,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in Electronic Arts by 4.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 277,303 shares of the game software company’s stock valued at $39,447,000 after acquiring an additional 11,898 shares during the last quarter. Finally, Pallas Capital Advisors LLC increased its stake in Electronic Arts by 12.6% in the fourth quarter. Pallas Capital Advisors LLC now owns 60,232 shares of the game software company’s stock valued at $8,373,000 after acquiring an additional 6,740 shares during the last quarter. Hedge funds and other institutional investors own 89.28% of the company’s stock.

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $130.55, for a total transaction of $104,440.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Laura Miele sold 3,100 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $119.23, for a total transaction of $369,613.00. Following the transaction, the chief operating officer now directly owns 20,329 shares of the company’s stock, valued at approximately $2,423,826.67. The disclosure for this sale can be found here. Insiders sold 45,700 shares of company stock valued at $5,770,889 over the last 90 days. 0.65% of the stock is currently owned by company insiders.

EA has been the topic of a number of research analyst reports. Robert W. Baird reduced their target price on Electronic Arts from $165.00 to $140.00 in a research note on Wednesday, May 11th. Credit Suisse Group reduced their target price on Electronic Arts from $169.00 to $162.00 in a research note on Wednesday, May 11th. Sanford C. Bernstein initiated coverage on Electronic Arts in a research note on Friday, April 22nd. They issued an “outperform” rating and a $157.00 target price on the stock. Wells Fargo & Company reduced their target price on Electronic Arts from $155.00 to $145.00 in a research note on Wednesday, May 11th. Finally, MKM Partners cut their price target on shares of Electronic Arts from $172.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, February 2nd. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Electronic Arts currently has a consensus rating of “Buy” and a consensus price target of $155.54.

Shares of EA opened at $130.76 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.18 and a quick ratio of 1.20. Electronic Arts Inc. has a one year low of $109.24 and a one year high of $148.93. The company has a 50-day simple moving average of $124.08 and a two-hundred day simple moving average of $128.86. The firm has a market capitalization of $36.77 billion, a PE ratio of 47.38, a price-to-earnings-growth ratio of 2.10 and a beta of 0.83.

Electronic Arts (NASDAQ:EAGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The game software company reported $0.80 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.63). Electronic Arts had a return on equity of 18.99% and a net margin of 11.29%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the business earned $0.72 earnings per share. The business’s quarterly revenue was up 17.5% on a year-over-year basis. Analysts expect that Electronic Arts Inc. will post 5.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 8th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, June 7th. This is a positive change from Electronic Arts’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 0.58%. Electronic Arts’s dividend payout ratio (DPR) is 24.64%.

Electronic Arts 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.

Prudential PLC Makes New Investment in Electronic Arts Inc. (NASDAQ:EA)

Prudential PLC acquired a new position in Electronic Arts Inc. (NASDAQ:EAGet Rating) in the 4th quarter, Holdings Channel reports. The firm acquired 4,568 shares of the game software company’s stock, valued at approximately $603,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EA. Equitec Proprietary Markets LLC purchased a new stake in Electronic Arts in the fourth quarter worth about $25,000. Industrial Alliance Investment Management Inc. bought a new position in shares of Electronic Arts during the fourth quarter valued at approximately $28,000. Old North State Trust LLC increased its stake in shares of Electronic Arts by 59.2% during the fourth quarter. Old North State Trust LLC now owns 242 shares of the game software company’s stock valued at $32,000 after purchasing an additional 90 shares in the last quarter. Amplius Wealth Advisors LLC bought a new position in shares of Electronic Arts during the fourth quarter valued at approximately $34,000. Finally, North Star Investment Management Corp. increased its stake in shares of Electronic Arts by 111.1% during the fourth quarter. North Star Investment Management Corp. now owns 285 shares of the game software company’s stock valued at $38,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 89.28% of the company’s stock.

Shares of Electronic Arts stock opened at $130.76 on Friday. The company’s fifty day simple moving average is $124.08 and its 200-day simple moving average is $128.86. The stock has a market capitalization of $36.77 billion, a PE ratio of 47.38, a P/E/G ratio of 2.10 and a beta of 0.83. Electronic Arts Inc. has a 1-year low of $109.24 and a 1-year high of $148.93. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.18 and a quick ratio of 1.20.

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

The firm also recently declared 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 represents a $0.76 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Tuesday, June 7th. This is a boost from Electronic Arts’s previous quarterly dividend of $0.17. Electronic Arts’s dividend payout ratio (DPR) is currently 24.64%.

In related news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $130.55, for a total transaction of $104,440.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 10,000 shares of Electronic Arts stock in a transaction on Monday, February 28th. The shares were sold at an average price of $130.16, for a total transaction of $1,301,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 45,700 shares of company stock worth $5,770,889 in the last quarter. Corporate insiders own 0.65% of the company’s stock.

EA has been the subject of a number of analyst reports. The Goldman Sachs Group downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and decreased their target price for the company from $183.00 to $145.00 in a research note on Tuesday, April 19th. Wedbush decreased their target price on shares of Electronic Arts from $180.00 to $164.00 in a research note on Wednesday, May 11th. Robert W. Baird decreased their target price on shares of Electronic Arts from $165.00 to $140.00 in a research note on Wednesday, May 11th. Sanford C. Bernstein began coverage on shares of Electronic Arts in a research report on Friday, April 22nd. They set an “outperform” rating and a $157.00 price target for the company. Finally, Wells Fargo & Company reduced their price target on shares of Electronic Arts from $155.00 to $145.00 in a research report on Wednesday, May 11th. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $155.54.

Electronic Arts 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.