Strategic Global Advisors LLC Raises Holdings in Electronic Arts Inc. (NASDAQ:EA)

Strategic Global Advisors LLC lifted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,023 shares of the game software company’s stock after buying an additional 1,262 shares during the quarter. Strategic Global Advisors LLC’s holdings in Electronic Arts were worth $4,539,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital International Investors grew its holdings in Electronic Arts by 5.2% in the fourth quarter. Capital International Investors now owns 12,156,791 shares of the game software company’s stock valued at $1,778,553,000 after purchasing an additional 605,796 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Electronic Arts by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company’s stock valued at $978,650,000 after purchasing an additional 30,929 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Electronic Arts by 6.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company’s stock valued at $648,169,000 after buying an additional 270,991 shares during the period. Northern Trust Corp increased its holdings in shares of Electronic Arts by 12.4% during the 4th quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company’s stock worth $476,540,000 after buying an additional 360,563 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Electronic Arts by 3.9% during the 4th quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company’s stock worth $472,362,000 after buying an additional 120,632 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insiders Place Their Bets

In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $155.57, for a total transaction of $388,925.00. Following the completion of the sale, the insider now owns 40,189 shares of the company’s stock, valued at $6,252,202.73. This represents a 5.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $149.64, for a total transaction of $224,460.00. Following the sale, the executive vice president now owns 17,533 shares in the company, valued at approximately $2,623,638.12. This trade represents a 7.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock valued at $3,342,580 in the last quarter. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EA. BMO Capital Markets lowered their price target on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Ascendiant Capital Markets increased their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Citigroup reduced their price target on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, TD Cowen increased their price objective on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $161.83.

Electronic Arts Stock Performance

Shares of EA stock opened at $151.54 on Friday. The stock has a market capitalization of $38.00 billion, a price-to-earnings ratio of 38.56, a PEG ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company’s 50-day simple moving average is $144.51 and its 200-day simple moving average is $145.02. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts’s payout ratio is currently 17.92%.

Electronic Arts 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.