Anchor Capital Advisors LLC Buys 215,175 Shares of Electronic Arts Inc. (NASDAQ:EA)

Anchor Capital Advisors LLC raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 5,606.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 219,013 shares of the game software company’s stock after buying an additional 215,175 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Electronic Arts were worth $32,042,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of EA. Swedbank AB increased its stake in Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after acquiring an additional 95,190 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Electronic Arts in the 4th quarter valued at $217,000. Huntington National Bank increased its stake in shares of Electronic Arts by 983.4% in the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after purchasing an additional 234,098 shares during the last quarter. Fisher Funds Management LTD acquired a new position in shares of Electronic Arts during the 4th quarter worth $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of Electronic Arts during the 4th quarter worth $13,845,000. 90.23% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the transaction, the insider now directly owns 30,216 shares of the company’s stock, valued at $4,969,021.20. This represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of the sale, the chief executive officer now directly owns 47,615 shares of the company’s stock, valued at approximately $7,047,020. The trade was a 9.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,500 shares of company stock worth $3,593,095 in the last quarter. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on EA. BMO Capital Markets decreased their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Wedbush reaffirmed an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a report on Thursday, January 23rd. Oppenheimer dropped their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and boosted their target price for the stock from $135.00 to $177.00 in a research note on Thursday, October 31st. Finally, Bank of America increased their price target on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $154.55.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $130.46 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $34.00 billion, a PE ratio of 33.20, a P/E/G ratio of 3.58 and a beta of 0.79. The firm has a fifty day simple moving average of $135.46 and a 200 day simple moving average of $145.85. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

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 given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

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.