Electronic Arts Inc. (NASDAQ:EA) Stake Boosted by Northern Trust Corp

Northern Trust Corp grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,257,281 shares of the game software company’s stock after purchasing an additional 360,563 shares during the period. Northern Trust Corp owned 1.25% of Electronic Arts worth $476,540,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Swedbank AB grew its holdings in Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after buying an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Electronic Arts during the fourth quarter valued at about $217,000. Huntington National Bank lifted its holdings in Electronic Arts by 31.4% in the fourth quarter. Huntington National Bank now owns 338,870 shares of the game software company’s stock worth $49,577,000 after purchasing an additional 80,968 shares during the period. Charles Schwab Investment Management Inc. grew its position in Electronic Arts by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock valued at $213,089,000 after buying an additional 36,153 shares in the last quarter. Finally, Fisher Funds Management LTD acquired a new position in Electronic Arts during the 4th quarter valued at about $3,730,000. 90.23% of the stock is currently owned by institutional investors.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the transaction, the insider now directly owns 28,216 shares in the company, valued at approximately $3,443,198.48. This trade represents a 3.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the transaction, the insider now directly owns 47,514 shares of the company’s stock, valued at approximately $6,216,256.62. This represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock worth $3,032,740 in the last 90 days. 0.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $173.00 price target on shares of Electronic Arts in a research note on Thursday, January 23rd. StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Bank of America raised their target price on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on shares of Electronic Arts from $125.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 22nd. Finally, Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Friday, January 31st. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $154.22.

Electronic Arts Trading Down 0.5 %

Electronic Arts stock opened at $145.97 on Wednesday. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market cap of $38.04 billion, a P/E ratio of 37.14, a P/E/G ratio of 3.58 and a beta of 0.79. The company’s fifty day simple moving average is $140.02 and its 200-day simple moving average is $144.52.

Electronic Arts (NASDAQ:EA) last issued its 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 return on equity of 17.80% and a net margin of 14.28%. As a group, sell-side analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

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

Electronic Arts Company 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.