Connor Clark & Lunn Investment Management Ltd. Has $4.94 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 1,901.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,771 shares of the game software company’s stock after buying an additional 32,084 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Electronic Arts were worth $4,941,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. grew its position in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 117 shares in the last quarter. Whipplewood Advisors LLC bought a new position in Electronic Arts during the fourth quarter worth about $32,000. SBI Securities Co. Ltd. bought a new position in Electronic Arts during the fourth quarter worth about $41,000. Larson Financial Group LLC lifted its stake in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares during the period. Finally, OFI Invest Asset Management bought a new position in Electronic Arts during the fourth quarter worth about $42,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EA. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. StockNews.com cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Oppenheimer cut their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Wedbush reiterated an “outperform” rating and issued a $173.00 target price on shares of Electronic Arts in a research note on Thursday, January 23rd. Finally, DA Davidson began coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 target price for the company. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Electronic Arts has an average rating of “Hold” and an average target price of $154.78.

Insider Activity

In related news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the sale, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at approximately $3,354,721.70. The trade was a 6.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of the sale, the chief executive officer now directly owns 47,615 shares in the company, valued at $7,047,020. This represents a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock valued at $3,194,240 in the last quarter. Company insiders own 0.22% of the company’s stock.

Electronic Arts Price Performance

EA opened at $138.71 on Monday. The company has a fifty day moving average price of $132.85 and a two-hundred day moving average price of $144.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The firm has a market capitalization of $36.15 billion, a PE ratio of 35.30, a P/E/G ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 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%. As a group, analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is 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.