Commerzbank Aktiengesellschaft FI Raises Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Commerzbank Aktiengesellschaft FI grew its position in Electronic Arts Inc. (NASDAQ:EA) by 17.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,703 shares of the game software company’s stock after purchasing an additional 250 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Electronic Arts were worth $250,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in EA. Los Angeles Capital Management LLC raised its stake in shares of Electronic Arts by 353.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock valued at $185,692,000 after acquiring an additional 989,319 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in Electronic Arts by 51.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after purchasing an additional 373,730 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Electronic Arts by 8,503.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock valued at $45,626,000 after purchasing an additional 314,388 shares during the period. Huntington National Bank boosted its position in shares of Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after buying an additional 234,098 shares during the period. Finally, Anchor Capital Advisors LLC boosted its position in shares of Electronic Arts by 5,606.4% during the fourth quarter. Anchor Capital Advisors LLC now owns 219,013 shares of the game software company’s stock worth $32,042,000 after buying an additional 215,175 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Up 1.7 %

EA opened at $134.05 on Thursday. The firm has a market cap of $34.94 billion, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The business’s 50 day moving average is $134.07 and its two-hundred day moving average is $145.39. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last released its quarterly 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 return on equity of 17.80% and a net margin of 14.28%. On average, research analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently announced 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 0.57%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EA. Ascendiant Capital Markets boosted their price objective on Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a report on Monday. Robert W. Baird cut their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Friday, January 31st. Roth Mkm cut their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus decreased their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $154.78.

Insider Buying and Selling at Electronic Arts

In related news, CFO Stuart Canfield sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $148.18, for a total value of $148,180.00. Following the sale, the chief financial officer now owns 8,750 shares in the company, valued at $1,296,575. This represents a 10.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the transaction, the insider now owns 47,514 shares of the company’s stock, valued at approximately $6,216,256.62. This represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,500 shares of company stock valued at $3,428,645. 0.22% of the stock is owned by corporate insiders.

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.