2,511 Shares in Electronic Arts Inc. (NASDAQ:EA) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,511 shares of the game software company’s stock, valued at approximately $367,000.

Several other institutional investors have also recently made changes to their positions in EA. Pinnacle Bancorp Inc. raised its stake in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts during the 4th quarter worth $32,000. Millstone Evans Group LLC bought a new stake in shares of Electronic Arts during the 4th quarter worth $37,000. SBI Securities Co. Ltd. purchased a new position in Electronic Arts in the fourth quarter worth $41,000. Finally, Larson Financial Group LLC increased its stake in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus cut their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. BMO Capital Markets cut their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Wedbush reissued an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a research note on Thursday, January 23rd. 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 note on Monday, January 27th. Finally, Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Electronic Arts currently has a consensus rating of “Hold” and a consensus price target of $155.65.

Electronic Arts Stock Performance

Electronic Arts stock opened at $145.19 on Thursday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The stock’s 50 day simple moving average is $132.92 and its two-hundred day simple moving average is $144.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $37.84 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results 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 net margin of 14.28% and a return on equity of 17.80%. As a group, analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

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

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the sale, the insider now directly owns 29,216 shares of the company’s stock, valued at approximately $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the completion of the transaction, the chief executive officer now directly owns 32,615 shares of the company’s stock, valued at approximately $4,647,637.50. This represents a 13.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock valued at $3,018,560 in the last three months. Company insiders own 0.22% of the company’s stock.

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.