Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Capital International Ltd. CA

Capital International Ltd. CA grew its position in Electronic Arts Inc. (NASDAQ:EA) by 3.5% in the fourth quarter, HoldingsChannel reports. The fund owned 90,371 shares of the game software company’s stock after acquiring an additional 3,017 shares during the quarter. Capital International Ltd. CA’s holdings in Electronic Arts were worth $13,221,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Capital Group Investment Management PTE. LTD. lifted its stake in Electronic Arts by 3.4% in the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 19,013 shares of the game software company’s stock valued at $2,782,000 after buying an additional 619 shares in the last quarter. Capital International Investors boosted its stake in Electronic Arts by 5.2% during the fourth quarter. Capital International Investors now owns 12,156,791 shares of the game software company’s stock worth $1,778,553,000 after buying an additional 605,796 shares during the last quarter. Capital International Sarl boosted its position in shares of Electronic Arts by 10.1% during the 4th quarter. Capital International Sarl now owns 149,513 shares of the game software company’s stock valued at $21,874,000 after acquiring an additional 13,663 shares during the last quarter. Farringdon Capital Ltd. purchased a new position in Electronic Arts in the fourth quarter worth approximately $384,000. Finally, Marshall Wace LLP grew its holdings in shares of Electronic Arts by 6,145.8% during the 4th quarter. Marshall Wace LLP now owns 149,900 shares of the game software company’s stock worth $21,930,000 after purchasing an additional 147,500 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research report on Monday, January 27th. DA Davidson assumed coverage on Electronic Arts in a research report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price objective for the company. Stifel Nicolaus dropped their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. BMO Capital Markets cut their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Finally, Citigroup cut their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $154.65.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the transaction, the chief executive officer now directly owns 42,615 shares in the company, valued at $6,080,308.20. This trade represents a 10.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the sale, the insider now owns 47,514 shares of the company’s stock, valued at approximately $6,216,256.62. This represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock valued at $3,019,290 in the last quarter. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Price Performance

EA stock opened at $145.61 on Friday. The firm has a 50 day moving average of $137.59 and a 200-day moving average of $144.36. The company has a market cap of $37.95 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. 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 (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) 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%. As a group, equities analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid 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 was Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

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.