Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 279,554 shares of the game software company’s stock after acquiring an additional 16,256 shares during the period. Natixis Advisors LLC owned about 0.11% of Electronic Arts worth $40,898,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Pinnacle Bancorp Inc. increased its stake in shares of Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Electronic Arts during the 4th quarter worth approximately $32,000. SBI Securities Co. Ltd. purchased a new position in shares of Electronic Arts during the 4th quarter worth approximately $41,000. Larson Financial Group LLC grew its stake in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after acquiring an additional 70 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in Electronic Arts in the 4th quarter worth approximately $42,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on EA shares. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Roth Mkm lowered their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Oppenheimer lowered their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Citigroup lowered their target price on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Finally, Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Friday, January 31st. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and an average price target of $154.78.

Insider Transactions at Electronic Arts

In other news, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $148.18, for a total transaction of $148,180.00. Following the transaction, the chief financial officer now owns 8,750 shares of the company’s stock, valued at approximately $1,296,575. This trade represents a 10.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the transaction, the chief executive officer now directly owns 47,615 shares in the company, valued at $7,047,020. The trade was a 9.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,000 shares of company stock valued at $3,194,240. Insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ:EA opened at $138.71 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $36.15 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 3.58 and a beta of 0.78. The firm’s fifty day simple moving average is $132.85 and its 200 day simple moving average is $144.85. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, equities research analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.55%. Electronic Arts’s payout ratio is 19.34%.

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. 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.