NatWest Group plc Purchases Shares of 51,632 Electronic Arts Inc. $EA

NatWest Group plc purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 51,632 shares of the game software company’s stock, valued at approximately $10,414,000. Electronic Arts makes up about 2.6% of NatWest Group plc’s holdings, making the stock its 15th biggest position.

Other hedge funds also recently modified their holdings of the company. Wedmont Private Capital boosted its position in Electronic Arts by 5.7% during the third quarter. Wedmont Private Capital now owns 2,522 shares of the game software company’s stock valued at $504,000 after purchasing an additional 135 shares during the last quarter. Czech National Bank increased its position in shares of Electronic Arts by 2.5% during the 3rd quarter. Czech National Bank now owns 57,193 shares of the game software company’s stock worth $11,536,000 after purchasing an additional 1,414 shares during the last quarter. Montecito Bank & Trust bought a new stake in shares of Electronic Arts during the 3rd quarter worth approximately $819,000. Acropolis Investment Management LLC boosted its holdings in shares of Electronic Arts by 2.9% in the 3rd quarter. Acropolis Investment Management LLC now owns 8,170 shares of the game software company’s stock valued at $1,648,000 after buying an additional 233 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Electronic Arts by 182.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 596,113 shares of the game software company’s stock valued at $120,236,000 after buying an additional 384,898 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $203.63 on Thursday. The company has a market capitalization of $50.93 billion, a price-to-earnings ratio of 59.54, a PEG ratio of 2.45 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $204.64. The company has a 50-day simple moving average of $201.55 and a 200 day simple moving average of $177.48.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business earned $1.11 earnings per share. The company’s revenue was down 12.6% on a year-over-year basis. On average, sell-side analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd will be paid a $0.19 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s payout ratio is 22.22%.

Insider Transactions at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $201.79, for a total transaction of $504,475.00. Following the completion of the sale, the insider owned 53,092 shares of the company’s stock, valued at approximately $10,713,434.68. This trade represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stuart Canfield sold 6,500 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the completion of the transaction, the chief financial officer owned 5,140 shares in the company, valued at $1,045,476. This trade represents a 55.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 141,169 shares of company stock valued at $28,242,586. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EA. Cowen downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Wednesday, October 1st. BMO Capital Markets boosted their price objective on shares of Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 30th. Baird R W cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Robert W. Baird reiterated a “neutral” rating and set a $210.00 price target (up previously from $170.00) on shares of Electronic Arts in a report on Monday, September 29th. Finally, UBS Group set a $210.00 price target on Electronic Arts and gave the stock a “neutral” rating in a research report on Tuesday, September 30th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Electronic Arts currently has an average rating of “Hold” and an average price target of $181.21.

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.