191,789 Shares in Electronic Arts Inc. (NASDAQ:EA) Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. purchased a new position in Electronic Arts Inc. (NASDAQ:EA) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 191,789 shares of the game software company’s stock, valued at approximately $25,445,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Jericho Capital Asset Management L.P. purchased a new stake in Electronic Arts in the first quarter worth $189,055,000. Benchmark Investment Advisors LLC bought a new position in Electronic Arts in the first quarter worth $361,000. Price T Rowe Associates Inc. MD raised its holdings in Electronic Arts by 496.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after purchasing an additional 2,090,504 shares in the last quarter. Magnetar Financial LLC bought a new position in Electronic Arts in the first quarter worth $1,086,000. Finally, Epoch Investment Partners Inc. raised its holdings in Electronic Arts by 15.3% in the first quarter. Epoch Investment Partners Inc. now owns 412,088 shares of the game software company’s stock worth $54,672,000 after purchasing an additional 54,663 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

EA has been the subject of a number of research reports. Stifel Nicolaus increased their price objective on Electronic Arts from $163.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. increased their price objective on Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Oppenheimer increased their price objective on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Citigroup downgraded Electronic Arts from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $148.00 to $161.00 in a report on Monday, July 15th. Finally, Roth Mkm raised their price target on Electronic Arts from $135.00 to $152.00 and gave the company a “neutral” rating in a report on Monday. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $153.50.

Electronic Arts Stock Performance

Shares of EA stock traded up $1.27 during trading hours on Tuesday, reaching $149.12. 4,093,535 shares of the company traded hands, compared to its average volume of 2,162,698. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $150.90. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $39.63 billion, a P/E ratio of 31.80, a P/E/G ratio of 2.28 and a beta of 0.79. The firm has a 50-day moving average price of $138.89 and a 200 day moving average price of $135.63.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data 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 net margin of 16.83% and a return on equity of 18.81%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.78 billion. As a group, sell-side analysts predict that Electronic Arts Inc. will post 5.75 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total value of $101,312.00. Following the sale, the insider now owns 26,283 shares of the company’s stock, valued at approximately $3,328,479.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, COO Laura Miele sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $128.15, for a total transaction of $256,300.00. Following the transaction, the chief operating officer now owns 32,772 shares of the company’s stock, valued at approximately $4,199,731.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total value of $101,312.00. Following the transaction, the insider now directly owns 26,283 shares in the company, valued at approximately $3,328,479.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,039 shares of company stock valued at $3,555,081. 0.22% of the stock is 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.