Townsquare Capital LLC Grows Position in Electronic Arts Inc. (NASDAQ:EA)

Townsquare Capital LLC lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 35.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,278 shares of the game software company’s stock after purchasing an additional 1,387 shares during the quarter. Townsquare Capital LLC’s holdings in Electronic Arts were worth $772,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. grew its stake in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Electronic Arts in the fourth quarter valued at approximately $32,000. Millstone Evans Group LLC purchased a new stake in shares of Electronic Arts during the fourth quarter valued at approximately $37,000. SBI Securities Co. Ltd. purchased a new stake in shares of Electronic Arts during the fourth quarter valued at approximately $41,000. Finally, OFI Invest Asset Management purchased a new position in shares of Electronic Arts in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EA. Stifel Nicolaus dropped their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. DA Davidson initiated coverage on Electronic Arts in a research report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 target price on the stock. Roth Mkm lowered their price objective on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Morgan Stanley cut their target price on Electronic Arts from $150.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Raymond James downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus price target of $154.65.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the sale, the insider now owns 28,216 shares in the company, valued at approximately $3,443,198.48. This trade represents a 3.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $145.65, for a total value of $218,475.00. Following the sale, the executive vice president now owns 19,033 shares in the company, valued at approximately $2,772,156.45. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,000 shares of company stock valued at $3,019,290. 0.22% of the stock is owned by company insiders.

Electronic Arts Stock Performance

EA opened at $145.61 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market cap of $37.95 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The stock has a 50-day moving average of $137.83 and a 200-day moving average of $144.38. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50.

Electronic Arts (NASDAQ:EA) last announced its 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%. As a group, equities research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. Electronic Arts’s dividend 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.