Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its position in Electronic Arts Inc. (NASDAQ:EA) by 8.4% during the fourth quarter, HoldingsChannel reports. The firm owned 1,094,897 shares of the game software company’s stock after purchasing an additional 84,771 shares during the period. Deutsche Bank AG’s holdings in Electronic Arts were worth $160,183,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EA. EP Wealth Advisors LLC grew its position in shares of Electronic Arts by 1.3% in the fourth quarter. EP Wealth Advisors LLC now owns 8,689 shares of the game software company’s stock valued at $1,271,000 after purchasing an additional 111 shares in the last quarter. Colonial Trust Co SC grew its holdings in Electronic Arts by 26.2% in the 4th quarter. Colonial Trust Co SC now owns 530 shares of the game software company’s stock valued at $78,000 after buying an additional 110 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Electronic Arts by 42.4% in the 4th quarter. Captrust Financial Advisors now owns 13,105 shares of the game software company’s stock worth $1,917,000 after acquiring an additional 3,902 shares during the last quarter. Cary Street Partners Financial LLC purchased a new position in shares of Electronic Arts during the 4th quarter worth $303,000. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Electronic Arts during the 4th quarter valued at about $2,354,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total value of $218,475.00. Following the completion of the sale, the executive vice president now owns 19,033 shares in the company, valued at approximately $2,772,156.45. The trade was a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the transaction, the chief financial officer now owns 9,516 shares in the company, valued at approximately $1,238,126.76. This trade represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,000 shares of company stock worth $3,118,120. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Performance

Shares of EA stock opened at $153.30 on Friday. 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. The company has a market cap of $39.95 billion, a P/E ratio of 39.01, a PEG ratio of 3.58 and a beta of 0.74. The firm has a fifty day moving average price of $143.36 and a 200 day moving average price of $144.90.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Sell-side analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. Electronic Arts’s payout ratio is currently 19.34%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on EA shares. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Stifel Nicolaus reduced their price target 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. Bank of America increased their price objective on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Moffett Nathanson restated a “neutral” rating and issued a $163.00 target price on shares of Electronic Arts in a research report on Wednesday. Finally, Roth Capital reiterated a “neutral” rating on shares of Electronic Arts in a report on Wednesday. Fifteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $161.83.

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.