Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,702,586 shares of the game software company’s stock after buying an additional 30,929 shares during the period. Geode Capital Management LLC’s holdings in Electronic Arts were worth $978,650,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI boosted its position in shares of Electronic Arts by 146.9% in the fourth quarter. National Bank of Canada FI now owns 491,286 shares of the game software company’s stock worth $71,878,000 after buying an additional 292,309 shares during the period. Franklin Resources Inc. lifted its position in Electronic Arts by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 902,555 shares of the game software company’s stock worth $132,044,000 after acquiring an additional 38,656 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Electronic Arts by 325.0% in the 4th quarter. Meeder Asset Management Inc. now owns 748 shares of the game software company’s stock worth $109,000 after acquiring an additional 572 shares during the period. AIA Group Ltd grew its position in Electronic Arts by 5.5% in the fourth quarter. AIA Group Ltd now owns 26,222 shares of the game software company’s stock valued at $3,836,000 after acquiring an additional 1,356 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in Electronic Arts by 14.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 17,856 shares of the game software company’s stock valued at $2,612,000 after acquiring an additional 2,201 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Stock Down 0.5 %

NASDAQ:EA opened at $144.87 on Thursday. 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 stock has a 50 day moving average of $133.20 and a 200-day moving average of $144.63. The firm has a market capitalization of $37.76 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts (NASDAQ:EA) last issued 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 return on equity of 17.80% and a net margin of 14.28%. Analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. DA Davidson assumed coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price objective for the company. Bank of America lifted their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Robert W. Baird reduced their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. Finally, Raymond James downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and a consensus target price of $155.65.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares in the company, valued at approximately $3,801,320. The trade was a 3.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total value of $712,500.00. Following the transaction, the chief executive officer now directly owns 32,615 shares in the company, valued at $4,647,637.50. This trade represents a 13.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock valued at $3,015,990 in the last ninety days. Company insiders own 0.22% of the company’s stock.

About Electronic Arts

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.