Capital Analysts LLC Buys 1,047 Shares of Electronic Arts Inc. (NASDAQ:EA)

Capital Analysts LLC lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,100 shares of the game software company’s stock after purchasing an additional 1,047 shares during the quarter. Capital Analysts LLC’s holdings in Electronic Arts were worth $3,379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Lord Abbett & CO. LLC bought a new position in Electronic Arts in the fourth quarter valued at about $23,701,000. Hancock Whitney Corp raised its holdings in Electronic Arts by 6.8% in the 4th quarter. Hancock Whitney Corp now owns 9,332 shares of the game software company’s stock valued at $1,365,000 after buying an additional 596 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in Electronic Arts by 4.0% during the 4th quarter. Integrated Wealth Concepts LLC now owns 2,949 shares of the game software company’s stock worth $432,000 after buying an additional 113 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Electronic Arts by 4.3% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 171,136 shares of the game software company’s stock worth $25,150,000 after acquiring an additional 7,115 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its position in Electronic Arts by 73.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 9,975 shares of the game software company’s stock valued at $1,459,000 after acquiring an additional 4,235 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on EA. Benchmark boosted their price objective on shares of Electronic Arts from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. UBS Group increased their price target on Electronic Arts from $138.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, April 3rd. Citigroup cut their price objective on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. StockNews.com downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $154.22.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the transaction, the chief executive officer now directly owns 37,615 shares in the company, valued at approximately $4,895,216.10. The trade was a 11.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the sale, the insider now directly owns 28,216 shares in the company, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock valued at $3,032,740 over the last three months. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Performance

NASDAQ EA opened at $146.60 on Friday. The company has a market capitalization of $38.21 billion, a PE ratio of 37.30, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a 50-day simple moving average of $139.36 and a 200 day simple moving average of $144.47.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

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.