Capital International Sarl Boosts Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Capital International Sarl boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 10.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,513 shares of the game software company’s stock after purchasing an additional 13,663 shares during the period. Capital International Sarl’s holdings in Electronic Arts were worth $21,874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EA. Pinnacle Bancorp Inc. increased its stake in shares of Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares during the period. Whipplewood Advisors LLC bought a new stake in Electronic Arts in the fourth quarter valued at $32,000. Millstone Evans Group LLC purchased a new position in Electronic Arts during the 4th quarter valued at $37,000. SBI Securities Co. Ltd. bought a new position in Electronic Arts in the 4th quarter worth $41,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Electronic Arts in the 4th quarter worth about $42,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

EA stock opened at $145.61 on Friday. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The stock’s fifty day moving average price is $137.59 and its 200-day moving average price is $144.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $37.95 billion, a P/E ratio of 37.05, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, equities analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. Electronic Arts’s dividend payout ratio is currently 19.34%.

Insider Activity at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $145.65, for a total transaction of $218,475.00. Following the sale, the executive vice president now directly owns 19,033 shares in the company, valued at $2,772,156.45. This trade represents a 7.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the completion of the sale, the chief executive officer now owns 42,615 shares of the company’s stock, valued at $6,080,308.20. The trade was a 10.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,000 shares of company stock worth $3,019,290. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EA shares. Bank of America increased their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Roth Mkm dropped their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Robert W. Baird reduced their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Wedbush reissued an “outperform” rating and set a $173.00 price objective on shares of Electronic Arts in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus reduced their target price 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. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $154.65.

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.