Capital Group Investment Management PTE. LTD. Acquires 619 Shares of Electronic Arts Inc. (NASDAQ:EA)

Capital Group Investment Management PTE. LTD. raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,013 shares of the game software company’s stock after purchasing an additional 619 shares during the quarter. Capital Group Investment Management PTE. LTD.’s holdings in Electronic Arts were worth $2,782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC grew its position in shares of Electronic Arts by 76.3% in the third quarter. Sanctuary Advisors LLC now owns 10,328 shares of the game software company’s stock valued at $1,481,000 after purchasing an additional 4,471 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Electronic Arts in the 3rd quarter valued at $428,000. Tidal Investments LLC grew its holdings in Electronic Arts by 20.6% in the 3rd quarter. Tidal Investments LLC now owns 45,630 shares of the game software company’s stock valued at $6,545,000 after buying an additional 7,786 shares in the last quarter. Franklin Resources Inc. increased its position in Electronic Arts by 8.4% during the 3rd quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company’s stock worth $124,548,000 after buying an additional 66,797 shares during the period. Finally, Inspire Trust Co. N.A. lifted its holdings in shares of Electronic Arts by 47.4% during the third quarter. Inspire Trust Co. N.A. now owns 14,000 shares of the game software company’s stock worth $2,008,000 after buying an additional 4,499 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Performance

NASDAQ EA opened at $145.61 on Friday. The firm’s fifty day moving average price is $137.59 and its two-hundred day moving average price is $144.36. The stock has a market cap of $37.95 billion, a PE ratio of 37.05, a PEG ratio of 3.58 and a beta of 0.79. 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 fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share 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%. On average, equities analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares in the company, valued at approximately $6,080,308.20. The trade was a 10.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total value of $218,475.00. Following the transaction, the executive vice president now owns 19,033 shares of the company’s stock, valued at $2,772,156.45. This trade represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock worth $3,019,290 in the last quarter. 0.22% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on EA shares. BMO Capital Markets decreased their price target on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Bank of America raised their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Ascendiant Capital Markets boosted their price target on Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Raymond James lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and a consensus price target of $154.65.

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.