1,453 Shares in Electronic Arts Inc. (NASDAQ:EA) Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI bought a new position in Electronic Arts Inc. (NASDAQ:EA) during the third quarter, Holdings Channel.com reports. The fund bought 1,453 shares of the game software company’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after acquiring an additional 3,727,251 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Electronic Arts by 496.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock valued at $333,169,000 after acquiring an additional 2,090,504 shares during the period. Swedbank AB acquired a new stake in shares of Electronic Arts during the first quarter valued at approximately $201,935,000. Jericho Capital Asset Management L.P. acquired a new stake in shares of Electronic Arts during the first quarter valued at approximately $189,055,000. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Electronic Arts during the second quarter valued at approximately $188,159,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Performance

EA stock opened at $145.03 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $38.54 billion, a price-to-earnings ratio of 30.99, a P/E/G ratio of 1.95 and a beta of 0.79. Electronic Arts Inc. has a 12 month low of $119.92 and a 12 month high of $153.51. The firm has a 50 day moving average of $145.07 and a two-hundred day moving average of $139.41.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. As a group, equities analysts anticipate that Electronic Arts Inc. will post 5.93 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s dividend payout ratio is currently 16.24%.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 7,384 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the sale, the insider now directly owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the sale, the insider now directly owns 31,190 shares of the company’s stock, valued at $4,675,692.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $148.88, for a total transaction of $372,200.00. Following the completion of the sale, the chief executive officer now directly owns 56,747 shares of the company’s stock, valued at approximately $8,448,493.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,270 shares of company stock valued at $3,287,735. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Robert W. Baird restated an “outperform” rating and set a $170.00 price target on shares of Electronic Arts in a report on Thursday, September 19th. TD Cowen upped their price objective on shares of Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $160.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. Finally, Benchmark reiterated a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, September 18th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average target price of $161.94.

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.