Meeder Asset Management Inc. Acquires 572 Shares of Electronic Arts Inc. (NASDAQ:EA)

Meeder Asset Management Inc. grew its holdings in Electronic Arts Inc. (NASDAQ:EA) by 325.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 748 shares of the game software company’s stock after acquiring an additional 572 shares during the period. Meeder Asset Management Inc.’s holdings in Electronic Arts were worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Pinnacle Bancorp Inc. grew its stake in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Electronic Arts during the fourth quarter worth approximately $32,000. Millstone Evans Group LLC bought a new position in shares of Electronic Arts during the fourth quarter worth approximately $37,000. SBI Securities Co. Ltd. acquired a new stake in Electronic Arts during the 4th quarter worth approximately $41,000. Finally, OFI Invest Asset Management bought a new stake in Electronic Arts in the 4th quarter valued at $42,000. 90.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EA has been the subject of a number of research reports. Raymond James downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Stifel Nicolaus cut their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Friday, January 31st. BMO Capital Markets cut their price target 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. Finally, Citigroup lowered their price objective on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $155.65.

Electronic Arts Stock Performance

NASDAQ:EA opened at $145.67 on Wednesday. The stock’s 50-day moving average is $133.15 and its 200-day moving average is $144.63. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year 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 stock has a market cap of $37.96 billion, a P/E ratio of 37.07, a price-to-earnings-growth 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 (EPS) 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%. Equities research analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

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

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the transaction, the chief executive officer now directly owns 37,615 shares of the company’s stock, valued at approximately $4,895,216.10. The trade was a 11.73 % 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, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the transaction, the insider now owns 29,216 shares in the company, valued at $4,311,405.12. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock worth $3,018,560 over the last ninety days. 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.