Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its position in Electronic Arts Inc. (NASDAQ:EA) by 353.4% in the fourth quarter, HoldingsChannel reports. The fund owned 1,269,258 shares of the game software company’s stock after acquiring an additional 989,319 shares during the quarter. Electronic Arts accounts for about 0.8% of Los Angeles Capital Management LLC’s portfolio, making the stock its 21st largest position. Los Angeles Capital Management LLC’s holdings in Electronic Arts were worth $185,692,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EA. Ashton Thomas Securities LLC acquired a new position in shares of Electronic Arts during the 3rd quarter worth about $25,000. Pinnacle Bancorp Inc. raised its position in shares of Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of Electronic Arts during the 3rd quarter worth about $36,000. Larson Financial Group LLC raised its holdings in 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 last quarter. Finally, SJS Investment Consulting Inc. raised its holdings in 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 last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the completion of the sale, the insider now owns 47,514 shares of the company’s stock, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total value of $130,110.00. Following the transaction, the chief financial officer now owns 9,516 shares in the company, valued at $1,238,126.76. The trade was a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,500 shares of company stock valued at $3,593,095 in the last quarter. 0.22% of the stock is currently owned by insiders.

Electronic Arts Trading Up 2.4 %

Shares of Electronic Arts stock opened at $134.05 on Tuesday. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The company’s fifty day moving average price is $136.64 and its two-hundred day moving average price is $146.16. The firm has a market capitalization of $34.94 billion, a PE ratio of 34.11, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Bank of America increased their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Benchmark reduced their target price on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Stifel Nicolaus reduced their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. UBS Group lifted their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Roth Mkm reduced their price target on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and a consensus target price of $154.55.

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.