ProShare Advisors LLC Acquires 3,364 Shares of Electronic Arts Inc. $EA

ProShare Advisors LLC lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 0.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 383,439 shares of the game software company’s stock after acquiring an additional 3,364 shares during the period. ProShare Advisors LLC’s holdings in Electronic Arts were worth $61,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of EA. Brighton Jones LLC raised its stake in shares of Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after buying an additional 294 shares during the period. Allworth Financial LP grew its stake in shares of Electronic Arts by 53.4% during the 1st quarter. Allworth Financial LP now owns 1,169 shares of the game software company’s stock valued at $171,000 after acquiring an additional 407 shares during the period. Cerity Partners LLC increased its holdings in Electronic Arts by 28.4% in the 1st quarter. Cerity Partners LLC now owns 37,816 shares of the game software company’s stock worth $5,465,000 after acquiring an additional 8,356 shares in the last quarter. Ballentine Partners LLC increased its holdings in Electronic Arts by 27.1% in the 1st quarter. Ballentine Partners LLC now owns 4,780 shares of the game software company’s stock worth $691,000 after acquiring an additional 1,019 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Electronic Arts by 2.3% during the 1st quarter. Arizona State Retirement System now owns 73,107 shares of the game software company’s stock worth $10,565,000 after acquiring an additional 1,629 shares during the period. 90.23% of the stock is owned by institutional investors.

Insider Activity

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $200.80, for a total transaction of $240,960.00. Following the sale, the executive vice president directly owned 24,880 shares in the company, valued at $4,995,904. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Stuart Canfield sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $203.40, for a total value of $1,322,100.00. Following the completion of the sale, the chief financial officer directly owned 5,140 shares of the company’s stock, valued at $1,045,476. The trade was a 55.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 39,400 shares of company stock worth $7,359,462. 0.24% of the stock is owned by insiders.

Analyst Ratings Changes

EA has been the subject of a number of recent analyst reports. HSBC lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price target for the company. in a research report on Monday, September 29th. Cowen downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Wednesday, October 1st. Wedbush reiterated a “neutral” rating and issued a $200.00 price target on shares of Electronic Arts in a research note on Monday, September 29th. BMO Capital Markets raised their price target on Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a report on Tuesday, September 30th. Finally, Bank of America upped their price objective on Electronic Arts from $166.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and a consensus target price of $181.64.

Electronic Arts Stock Performance

NASDAQ EA opened at $201.40 on Tuesday. The stock has a market capitalization of $50.23 billion, a PE ratio of 58.89, a P/E/G ratio of 3.04 and a beta of 0.74. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $203.75. The business has a 50 day simple moving average of $189.61 and a two-hundred day simple moving average of $167.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $1.11 earnings per share. The firm’s revenue was down 12.6% compared to the same quarter last year. On average, research analysts predict 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 will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be issued a $0.19 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s payout ratio is 22.22%.

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.