Moody National Bank Trust Division Trims Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)


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Moody National Bank Trust Division trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,229 shares of the game software company’s stock after selling 227 shares during the period. Moody National Bank Trust Division’s holdings in Electronic Arts were worth $5,717,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Public Investment Fund purchased a new position in shares of Electronic Arts during the 4th quarter valued at $1,065,538,000. BlackRock Inc. grew its position in shares of Electronic Arts by 13.6% during the 4th 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. Norges Bank purchased a new position in Electronic Arts in the fourth quarter worth $365,597,000. Alliancebernstein L.P. grew its position in Electronic Arts by 23.1% in the fourth quarter. Alliancebernstein L.P. now owns 11,314,902 shares of the game software company’s stock worth $1,624,820,000 after acquiring an additional 2,125,286 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Electronic Arts by 9,575.0% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,774,401 shares of the game software company’s stock worth $254,804,000 after acquiring an additional 1,756,061 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Several equities analysts have recently commented on the stock. MKM Partners upped their price objective on shares of Electronic Arts from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Piper Sandler increased their price target on shares of Electronic Arts from $133.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 3rd. The Goldman Sachs Group raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $170.00 price target for the company in a research note on Sunday, January 24th. Cowen increased their price target on shares of Electronic Arts from $161.00 to $171.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 3rd. Finally, Benchmark reiterated a “buy” rating and set a $177.00 price target (up previously from $171.00) on shares of Electronic Arts in a research note on Tuesday, February 9th. Twelve investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $152.23.

In related news, insider Vijayanthimala Singh sold 2,000 shares of Electronic Arts stock in a transaction dated Monday, January 25th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Matthew Bilbey sold 330 shares of the business’s stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $134.84, for a total transaction of $44,497.20. Following the completion of the sale, the executive vice president now owns 6,423 shares of the company’s stock, valued at approximately $866,077.32. The disclosure for this sale can be found here. Insiders have sold a total of 110,710 shares of company stock valued at $16,204,309 in the last quarter. 0.92% of the stock is currently owned by company insiders.

EA stock opened at $142.77 on Friday. Electronic Arts Inc. has a 12 month low of $110.15 and a 12 month high of $150.30. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $134.42 and a 200 day moving average price of $134.24. The stock has a market cap of $41.06 billion, a PE ratio of 31.80, a P/E/G ratio of 2.83 and a beta of 0.92.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Monday, February 1st. The game software company reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.10. Electronic Arts had a net margin of 23.51% and a return on equity of 17.85%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the company earned $2.52 EPS. The firm’s revenue for the quarter was up 18.8% compared to the same quarter last year. Sell-side analysts forecast that Electronic Arts Inc. will post 4.14 EPS for the current year.

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

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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