Royal London Asset Management Ltd. Has $17.09 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Royal London Asset Management Ltd. grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,824 shares of the game software company’s stock after acquiring an additional 6,706 shares during the period. Royal London Asset Management Ltd.’s holdings in Electronic Arts were worth $17,091,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EA. Larson Financial Group LLC grew its stake in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares during the period. Claro Advisors LLC grew its stake in shares of Electronic Arts by 3.4% in the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after buying an additional 75 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Electronic Arts by 11.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock valued at $119,000 after buying an additional 81 shares during the period. Ballentine Partners LLC grew its stake in shares of Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after buying an additional 82 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its stake in shares of Electronic Arts by 1.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock valued at $708,000 after buying an additional 83 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EA. Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Friday, January 31st. Oppenheimer cut their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Bank of America lifted their price target on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Robert W. Baird cut their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Finally, DA Davidson assumed coverage on Electronic Arts in a research note on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price target for the company. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $154.78.

Electronic Arts Trading Up 0.7 %

NASDAQ:EA opened at $144.30 on Friday. 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 capitalization of $37.61 billion, a PE ratio of 36.72, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The firm’s 50 day moving average is $132.76 and its 200 day moving average is $144.64. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results 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%. Sell-side analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. Electronic Arts’s payout ratio is 19.34%.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the completion of the transaction, the chief executive officer now directly owns 32,615 shares in the company, valued at $4,647,637.50. The trade was a 13.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $148.18, for a total transaction of $148,180.00. Following the transaction, the chief financial officer now owns 8,750 shares of the company’s stock, valued at $1,296,575. This trade represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock valued at $3,166,740 in the last 90 days. 0.22% of the stock is currently owned by company insiders.

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.