Flossbach Von Storch SE Acquires 19,199 Shares of Electronic Arts Inc. (NASDAQ:EA)

Flossbach Von Storch SE boosted its stake in Electronic Arts Inc. (NASDAQ:EA) by 31.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,502 shares of the game software company’s stock after purchasing an additional 19,199 shares during the quarter. Flossbach Von Storch SE’s holdings in Electronic Arts were worth $11,777,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new position in Electronic Arts in the 3rd quarter worth about $25,000. Pinnacle Bancorp Inc. increased its position in shares of 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 purchasing an additional 117 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of Electronic Arts in the 3rd quarter valued at $36,000. Larson Financial Group LLC increased its position in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares during the period. Finally, SJS Investment Consulting Inc. increased its position in shares of Electronic Arts by 1,458.3% in the 4th quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock valued at $55,000 after acquiring an additional 350 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Up 0.8 %

Electronic Arts stock opened at $129.34 on Thursday. The stock has a market cap of $33.71 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 3.54 and a beta of 0.79. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $138.27 and its two-hundred day moving average price is $146.45. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts expect that Electronic Arts Inc. will post 4.75 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s payout ratio is presently 19.34%.

Insider Activity at Electronic Arts

In related news, 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 transaction, the chief executive officer now owns 47,615 shares of the company’s stock, valued at approximately $7,047,020. The trade was a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $148.18, for a total transaction of $148,180.00. Following the transaction, the chief financial officer now directly owns 8,750 shares in the company, valued at $1,296,575. This trade represents a 10.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,500 shares of company stock valued at $2,812,285. 0.22% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EA has been the topic of several recent research reports. Robert W. Baird lowered their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Benchmark decreased their price target on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and increased their price objective for the company from $135.00 to $177.00 in a report on Thursday, October 31st. Bank of America raised their price target 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. Finally, 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 report on Tuesday, January 21st. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus price target of $154.55.

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.