Colonial Trust Co SC Increases Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Colonial Trust Co SC lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 26.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 530 shares of the game software company’s stock after purchasing an additional 110 shares during the quarter. Colonial Trust Co SC’s holdings in Electronic Arts were worth $78,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of EA. Swedbank AB raised its stake in shares of Electronic Arts by 6.3% during the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after buying an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in Electronic Arts in the fourth quarter worth $217,000. Huntington National Bank lifted its holdings in Electronic Arts by 31.4% in the fourth quarter. Huntington National Bank now owns 338,870 shares of the game software company’s stock valued at $49,577,000 after acquiring an additional 80,968 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of 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 in the last quarter. Finally, Fisher Funds Management LTD acquired a new position in shares of Electronic Arts during the 4th quarter worth $3,730,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the sale, the insider now owns 26,216 shares of the company’s stock, valued at $3,801,320. The trade was a 3.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the completion of the transaction, the chief executive officer now directly owns 37,615 shares of the company’s stock, valued at approximately $4,895,216.10. The trade was a 11.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock valued at $3,118,120 over the last three months. 0.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Roth Capital reissued a “neutral” rating on shares of Electronic Arts in a report on Wednesday. DA Davidson started coverage on Electronic Arts in a report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price target on the stock. Morgan Stanley lifted their price objective on Electronic Arts from $135.00 to $148.00 and gave the stock an “equal weight” rating in a report on Wednesday. StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group lifted their price target on Electronic Arts from $135.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday. Fifteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $161.83.

Electronic Arts Stock Performance

NASDAQ EA opened at $153.30 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The firm has a market capitalization of $39.95 billion, a P/E ratio of 39.01, a P/E/G ratio of 3.58 and a beta of 0.74. The business’s 50-day simple moving average is $143.36 and its 200-day simple moving average is $144.90.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data 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%. Equities analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.50%. Electronic Arts’s dividend payout ratio is currently 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.