Commerzbank Aktiengesellschaft FI Acquires 250 Shares of Electronic Arts Inc. (NASDAQ:EA)

Commerzbank Aktiengesellschaft FI grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 17.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,703 shares of the game software company’s stock after purchasing an additional 250 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Electronic Arts were worth $250,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Electronic Arts by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after purchasing an additional 36,153 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of Electronic Arts by 5.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,944 shares of the game software company’s stock worth $284,000 after buying an additional 92 shares in the last quarter. Plato Investment Management Ltd increased its stake in shares of Electronic Arts by 67.8% during the fourth quarter. Plato Investment Management Ltd now owns 668 shares of the game software company’s stock valued at $98,000 after buying an additional 270 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $41,000. Finally, Jones Financial Companies Lllp lifted its stake in Electronic Arts by 155.9% in the fourth quarter. Jones Financial Companies Lllp now owns 2,741 shares of the game software company’s stock worth $401,000 after acquiring an additional 1,670 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Up 1.7 %

Electronic Arts stock opened at $134.05 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $34.94 billion, a PE ratio of 34.11, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The business has a 50 day simple moving average of $134.07 and a 200-day simple moving average of $145.39. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 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, analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

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

Wall Street Analyst Weigh In

EA has been the topic of a number of research reports. BMO Capital Markets cut their target price on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. DA Davidson assumed coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price objective on the stock. Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a report on Friday, January 31st. Stifel Nicolaus dropped their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Finally, Argus boosted their price target on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Electronic Arts presently has a consensus rating of “Hold” and an average price target of $154.78.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of the sale, the chief executive officer now owns 47,615 shares of the company’s stock, valued at approximately $7,047,020. This represents a 9.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $156.27, for a total transaction of $234,405.00. Following the completion of the transaction, 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. In the last three months, insiders have sold 24,500 shares of company stock worth $3,428,645. 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.