Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Greenleaf Trust

Greenleaf Trust boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,818 shares of the game software company’s stock after purchasing an additional 118 shares during the period. Greenleaf Trust’s holdings in Electronic Arts were worth $522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EA. Bigelow Investment Advisors LLC lifted its position in shares of Electronic Arts by 3.6% in the 4th quarter. Bigelow Investment Advisors LLC now owns 3,014 shares of the game software company’s stock valued at $412,000 after acquiring an additional 104 shares in the last quarter. John G Ullman & Associates Inc. lifted its position in shares of Electronic Arts by 2.6% in the 4th quarter. John G Ullman & Associates Inc. now owns 22,050 shares of the game software company’s stock valued at $3,017,000 after acquiring an additional 550 shares in the last quarter. Resonant Capital Advisors LLC lifted its position in shares of Electronic Arts by 5.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 14,597 shares of the game software company’s stock valued at $1,997,000 after acquiring an additional 803 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $297,000. Finally, Xponance Inc. lifted its position in shares of Electronic Arts by 12.5% in the 4th quarter. Xponance Inc. now owns 37,371 shares of the game software company’s stock valued at $5,113,000 after acquiring an additional 4,141 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

Shares of EA opened at $127.12 on Tuesday. The company’s fifty day moving average is $134.54 and its 200-day moving average is $134.55. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53. The firm has a market cap of $33.99 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the company earned $2.29 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts expect that Electronic Arts Inc. will post 5.36 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were paid a $0.19 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.60%. Electronic Arts’s payout ratio is presently 19.14%.

Insider Activity at Electronic Arts

In related news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the transaction, the insider now directly owns 20,258 shares in the company, valued at approximately $2,901,755.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $132.82, for a total value of $106,256.00. Following the completion of the sale, the insider now directly owns 27,083 shares of the company’s stock, valued at approximately $3,597,164.06. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the sale, the insider now directly owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,144 shares of company stock worth $5,143,560. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on EA. BMO Capital Markets began coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price target for the company. UBS Group reduced their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Benchmark restated a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. Wedbush reiterated an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Finally, Stifel Nicolaus upped their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

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.