TrimTabs Asset Management LLC Takes $1.18 Million Position in Electronic Arts Inc. (NASDAQ:EA)


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TrimTabs Asset Management LLC bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,877 shares of the game software company’s stock, valued at approximately $1,179,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Electronic Arts by 13.6% during the fourth quarter. BlackRock Inc. now owns 22,993,496 shares of the game software company’s stock valued at $3,301,866,000 after purchasing an additional 2,747,815 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Electronic Arts by 23.1% during the fourth quarter. Alliancebernstein L.P. now owns 11,314,902 shares of the game software company’s stock valued at $1,624,820,000 after purchasing an additional 2,125,286 shares in the last quarter. Public Investment Fund bought a new stake in shares of Electronic Arts during the fourth quarter valued at approximately $1,065,538,000. Nuveen Asset Management LLC boosted its position in shares of Electronic Arts by 10.9% during the fourth quarter. Nuveen Asset Management LLC now owns 3,378,124 shares of the game software company’s stock valued at $485,099,000 after purchasing an additional 332,571 shares in the last quarter. Finally, Ninety One UK Ltd boosted its position in shares of Electronic Arts by 17.6% during the fourth quarter. Ninety One UK Ltd now owns 3,120,854 shares of the game software company’s stock valued at $448,155,000 after purchasing an additional 467,365 shares in the last quarter. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts stock traded down $0.35 during mid-day trading on Thursday, reaching $141.66. 51,018 shares of the stock traded hands, compared to its average volume of 2,839,234. The stock has a market capitalization of $40.75 billion, a PE ratio of 31.63, a price-to-earnings-growth ratio of 2.83 and a beta of 0.92. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.75 and a quick ratio of 2.75. Electronic Arts Inc. has a 12-month low of $104.65 and a 12-month high of $150.30. The business’s 50-day moving average is $135.02 and its 200-day moving average is $133.77.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Monday, February 1st. The game software company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.10. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Electronic Arts had a return on equity of 17.85% and a net margin of 23.51%. Electronic Arts’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.52 earnings per share. Equities analysts anticipate that Electronic Arts Inc. will post 4.14 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 24th. Investors of record on Wednesday, March 3rd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Tuesday, March 2nd. Electronic Arts’s dividend payout ratio (DPR) is presently 14.29%.

Several equities research analysts recently weighed in on the company. Barclays lifted their price target on Electronic Arts from $124.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 3rd. Wedbush boosted their target price on Electronic Arts from $162.50 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, February 3rd. MKM Partners boosted their target price on Electronic Arts from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. Morgan Stanley boosted their target price on Electronic Arts from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 22nd. Finally, BMO Capital Markets boosted their target price on Electronic Arts from $127.00 to $143.00 and gave the stock a “market perform” rating in a report on Friday, February 5th. Twelve analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $152.23.

In other Electronic Arts news, Director Jay C. Hoag sold 90,000 shares of the company’s stock in a transaction dated Thursday, February 11th. The stock was sold at an average price of $147.36, for a total value of $13,262,400.00. Following the completion of the sale, the director now owns 496 shares in the company, valued at $73,090.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 2,000 shares of the company’s stock in a transaction dated Monday, January 25th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 111,710 shares of company stock valued at $16,312,390. 0.92% of the stock is owned by company insiders.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and Plants v.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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