CIBC Asset Management Inc Buys 1,612 Shares of Electronic Arts Inc. (NASDAQ:EA)

CIBC Asset Management Inc boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,616 shares of the game software company’s stock after buying an additional 1,612 shares during the quarter. CIBC Asset Management Inc’s holdings in Electronic Arts were worth $11,940,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Financiere des Professionnels Fonds d investissement inc. raised its holdings in shares of Electronic Arts by 43.2% in the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 31,463 shares of the game software company’s stock valued at $4,603,000 after purchasing an additional 9,488 shares in the last quarter. Montag A & Associates Inc. raised its holdings in shares of Electronic Arts by 418,914.3% in the 4th quarter. Montag A & Associates Inc. now owns 29,331 shares of the game software company’s stock valued at $4,291,000 after purchasing an additional 29,324 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Electronic Arts by 10.0% in the 4th quarter. V Square Quantitative Management LLC now owns 10,432 shares of the game software company’s stock valued at $1,526,000 after purchasing an additional 951 shares in the last quarter. Avestar Capital LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at about $230,000. Finally, Portfolio Design Labs LLC raised its holdings in shares of Electronic Arts by 18.8% in the 4th quarter. Portfolio Design Labs LLC now owns 25,065 shares of the game software company’s stock valued at $3,667,000 after purchasing an additional 3,968 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA opened at $128.35 on Wednesday. The stock has a 50-day moving average of $138.96 and a two-hundred day moving average of $146.57. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.38. The stock has a market cap of $33.45 billion, a P/E ratio of 32.66, a P/E/G ratio of 2.74 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued 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%. As a group, research analysts predict that Electronic Arts Inc. will post 4.99 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Insider Activity

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the transaction, the chief executive officer now owns 47,615 shares of the company’s stock, valued at $7,047,020. The trade was a 9.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $156.27, for a total value of $234,405.00. Following the completion of the transaction, the executive vice president now directly owns 24,886 shares of the company’s stock, valued at approximately $3,888,935.22. This trade represents a 5.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock valued at $2,812,285 in the last quarter. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EA. Argus boosted their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Stifel Nicolaus cut their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Oppenheimer decreased 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 report on Tuesday, January 21st. BMO Capital Markets lowered their target price on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Finally, 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. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and a consensus price target of $155.24.

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.