Electronic Arts Inc. (NASDAQ:EA) Position Increased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 37.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,431 shares of the game software company’s stock after buying an additional 392 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Electronic Arts were worth $210,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Los Angeles Capital Management LLC lifted its position in shares of Electronic Arts by 353.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock valued at $185,692,000 after acquiring an additional 989,319 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Electronic Arts by 51.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after buying an additional 373,730 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Electronic Arts by 8,503.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock valued at $45,626,000 after buying an additional 314,388 shares during the period. Huntington National Bank raised its position in Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after buying an additional 234,098 shares during the period. Finally, Anchor Capital Advisors LLC lifted its stake in Electronic Arts by 5,606.4% in the 4th quarter. Anchor Capital Advisors LLC now owns 219,013 shares of the game software company’s stock worth $32,042,000 after acquiring an additional 215,175 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In other news, 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 value of $650,700.00. Following the sale, the chief executive officer now owns 37,615 shares of the company’s stock, valued at approximately $4,895,216.10. This represents a 11.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $148.18, for a total transaction of $148,180.00. Following the transaction, the chief financial officer now directly owns 8,750 shares of the company’s stock, valued at $1,296,575. This represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,500 shares of company stock worth $3,428,645. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Stock Up 1.7 %

EA opened at $134.05 on Thursday. The business has a 50 day moving average of $134.07 and a 200-day moving average of $145.39. The stock has a market capitalization of $34.94 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 3.58 and a beta of 0.79. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.57%. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EA shares. Oppenheimer dropped their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Stifel Nicolaus decreased their target price on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Friday, January 31st. Finally, Argus lifted their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $154.78.

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.