Electronic Arts Inc. (NASDAQ:EA) Holdings Boosted by Capital International Investors

Capital International Investors boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 16.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,901,257 shares of the game software company’s stock after purchasing an additional 833,492 shares during the period. Capital International Investors owned 2.21% of Electronic Arts worth $782,920,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HB Wealth Management LLC grew its position in Electronic Arts by 34.4% during the fourth quarter. HB Wealth Management LLC now owns 2,626 shares of the game software company’s stock valued at $359,000 after purchasing an additional 672 shares in the last quarter. Raymond James & Associates increased its stake in shares of Electronic Arts by 24.1% in the fourth quarter. Raymond James & Associates now owns 77,201 shares of the game software company’s stock worth $10,562,000 after acquiring an additional 14,969 shares during the last quarter. CVA Family Office LLC purchased a new stake in shares of Electronic Arts during the fourth quarter worth $38,000. Raymond James Financial Services Advisors Inc. boosted its position in Electronic Arts by 15.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 32,332 shares of the game software company’s stock valued at $4,423,000 after purchasing an additional 4,344 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in Electronic Arts by 20.2% during the fourth quarter. Pacer Advisors Inc. now owns 36,233 shares of the game software company’s stock valued at $4,957,000 after purchasing an additional 6,087 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EA shares. Wedbush reiterated an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a research note on Wednesday, May 8th. JPMorgan Chase & Co. upped their price objective on shares of Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. StockNews.com raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Morgan Stanley boosted their price target on Electronic Arts from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Stifel Nicolaus increased their price objective on Electronic Arts from $163.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.56.

Insider Transactions at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $144.86, for a total value of $144,860.00. Following the sale, the executive vice president now directly owns 29,317 shares in the company, valued at approximately $4,246,860.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Electronic Arts news, EVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $144.86, for a total transaction of $144,860.00. Following the transaction, the executive vice president now directly owns 29,317 shares in the company, valued at $4,246,860.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 4,639 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total value of $622,321.85. Following the completion of the sale, the chief executive officer now owns 66,747 shares of the company’s stock, valued at $8,954,110.05. The disclosure for this sale can be found here. Insiders have sold 23,539 shares of company stock worth $3,199,031 in the last three months. Insiders own 0.22% of the company’s stock.

Electronic Arts Price Performance

Shares of Electronic Arts stock traded up $3.38 during mid-day trading on Friday, reaching $145.18. 2,341,285 shares of the stock were exchanged, compared to its average volume of 2,144,224. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $148.22. The firm has a 50-day simple moving average of $138.50 and a 200 day simple moving average of $135.59. The company has a market cap of $38.58 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 2.23 and a beta of 0.79. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. On average, sell-side analysts predict that Electronic Arts Inc. will post 5.75 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Wednesday, May 29th. Electronic Arts’s dividend payout ratio (DPR) is currently 16.24%.

About Electronic Arts

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.