Tower Research Capital LLC TRC Has $4.26 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Tower Research Capital LLC TRC increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 215.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 29,130 shares of the game software company’s stock after purchasing an additional 19,898 shares during the period. Tower Research Capital LLC TRC’s holdings in Electronic Arts were worth $4,262,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors grew its position in Electronic Arts by 5.2% in the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company’s stock worth $1,778,553,000 after purchasing an additional 605,796 shares during the last quarter. Geode Capital Management LLC grew its position in Electronic Arts by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company’s stock worth $978,650,000 after buying an additional 30,929 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Electronic Arts by 6.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company’s stock valued at $648,169,000 after acquiring an additional 270,991 shares during the period. Invesco Ltd. increased its stake in Electronic Arts by 3.9% during the fourth quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company’s stock valued at $472,362,000 after acquiring an additional 120,632 shares during the period. Finally, Amundi raised its holdings in Electronic Arts by 4.3% in the 4th quarter. Amundi now owns 2,990,729 shares of the game software company’s stock valued at $431,315,000 after acquiring an additional 122,494 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the topic of several recent research reports. Stifel Nicolaus decreased their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. UBS Group lifted their price target on shares of Electronic Arts from $138.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, April 3rd. Robert W. Baird dropped their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. BMO Capital Markets reduced their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Finally, Bank of America upped their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Electronic Arts has an average rating of “Hold” and an average price target of $154.65.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the transaction, the chief executive officer now owns 42,615 shares of the company’s stock, valued at $6,080,308.20. This represents a 10.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total value of $218,475.00. Following the completion of the transaction, the executive vice president now owns 19,033 shares in the company, valued at $2,772,156.45. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock worth $3,019,290 over the last 90 days. 0.22% of the stock is owned by insiders.

Electronic Arts Stock Up 1.8 %

Shares of NASDAQ EA opened at $145.61 on Monday. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The firm’s 50-day simple moving average is $137.83 and its 200 day simple moving average is $144.41. 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 company has a market cap of $37.95 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (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%. On average, research analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

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

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.