Los Angeles Capital Management LLC Boosts Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Los Angeles Capital Management LLC increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 353.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,269,258 shares of the game software company’s stock after buying an additional 989,319 shares during the period. Electronic Arts accounts for about 0.8% of Los Angeles Capital Management LLC’s holdings, making the stock its 21st largest holding. Los Angeles Capital Management LLC owned 0.48% of Electronic Arts worth $185,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Electronic Arts during the 3rd quarter valued at $3,313,000. Hennion & Walsh Asset Management Inc. boosted its stake in Electronic Arts by 27.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,605 shares of the game software company’s stock valued at $374,000 after purchasing an additional 556 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Electronic Arts by 5.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 86,368 shares of the game software company’s stock valued at $12,389,000 after purchasing an additional 4,689 shares during the last quarter. Dakota Wealth Management purchased a new stake in Electronic Arts during the 3rd quarter valued at $942,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Electronic Arts by 20.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,086 shares of the game software company’s stock valued at $13,176,000 after purchasing an additional 15,576 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total transaction of $130,110.00. Following the sale, the chief financial officer now directly owns 9,516 shares of the company’s stock, valued at $1,238,126.76. The trade was a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $156.27, for a total transaction of $234,405.00. Following the sale, the executive vice president now directly owns 24,886 shares in the company, valued at $3,888,935.22. This trade represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,500 shares of company stock valued at $3,593,095. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $134.05 on Tuesday. The company has a market capitalization of $34.94 billion, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $136.64 and a 200 day moving average of $146.16.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) 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%. On average, sell-side analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.57%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EA. DA Davidson began coverage on Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price target on the stock. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and increased their price target for the company from $135.00 to $177.00 in a report on Thursday, October 31st. Argus increased their price target on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Robert W. Baird decreased their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Finally, BNP Paribas cut Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price on the stock. in a report on Monday, January 27th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and a consensus price target of $154.55.

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.