18,300 Shares in Electronic Arts Inc. $EA Purchased by Donoghue Forlines LLC

Donoghue Forlines LLC bought a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 18,300 shares of the game software company’s stock, valued at approximately $2,923,000. Electronic Arts comprises 0.8% of Donoghue Forlines LLC’s investment portfolio, making the stock its 19th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after acquiring an additional 294 shares during the last quarter. Allworth Financial LP increased its stake in Electronic Arts by 53.4% during the first quarter. Allworth Financial LP now owns 1,169 shares of the game software company’s stock worth $171,000 after acquiring an additional 407 shares during the last quarter. Cerity Partners LLC raised its position in Electronic Arts by 28.4% in the first quarter. Cerity Partners LLC now owns 37,816 shares of the game software company’s stock valued at $5,465,000 after purchasing an additional 8,356 shares during the period. Stephens Inc. AR lifted its stake in shares of Electronic Arts by 21.4% in the 1st quarter. Stephens Inc. AR now owns 6,477 shares of the game software company’s stock valued at $936,000 after purchasing an additional 1,140 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Electronic Arts by 55.9% during the 1st quarter. CWM LLC now owns 9,599 shares of the game software company’s stock worth $1,387,000 after purchasing an additional 3,442 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analysts Set New Price Targets

EA has been the topic of several research analyst reports. HSBC lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price objective on the stock. in a report on Monday, September 29th. Hsbc Global Res downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Morgan Stanley upped their price objective on shares of Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Argus set a $210.00 price objective on shares of Electronic Arts in a research report on Thursday, October 30th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $210.00 target price (up previously from $170.00) on shares of Electronic Arts in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $181.64.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $172.79, for a total value of $863,950.00. Following the sale, the chief executive officer directly owned 47,393 shares of the company’s stock, valued at approximately $8,189,036.47. This represents a 9.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction on Monday, September 29th. The stock was sold at an average price of $203.40, for a total transaction of $244,080.00. Following the sale, the insider directly owned 33,531 shares of the company’s stock, valued at approximately $6,820,205.40. This trade represents a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 38,200 shares of company stock worth $7,149,882 over the last ninety days. 0.24% of the stock is currently owned by insiders.

Electronic Arts Price Performance

Electronic Arts stock opened at $201.34 on Friday. The firm has a market cap of $50.22 billion, a PE ratio of 58.87, a price-to-earnings-growth ratio of 3.04 and a beta of 0.74. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $191.57 and its two-hundred day moving average is $168.36.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the company earned $1.11 EPS. Electronic Arts’s revenue for the quarter was down 12.6% compared to the same quarter last year. On average, research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd will be paid a $0.19 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s payout ratio is currently 22.22%.

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.