Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,456,520 shares of the game software company’s stock after buying an additional 36,153 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Electronic Arts were worth $213,089,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new position in Electronic Arts during the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. increased its stake in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after acquiring an additional 117 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of Electronic Arts during the fourth quarter worth $32,000. SBI Securities Co. Ltd. acquired a new position in Electronic Arts during the fourth quarter valued at $41,000. Finally, Larson Financial Group LLC boosted its holdings in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Up 2.0 %

Shares of EA opened at $136.79 on Friday. The stock has a 50 day moving average price of $134.07 and a 200 day moving average price of $145.39. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market capitalization of $35.65 billion, a price-to-earnings ratio of 34.81, a PEG 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 return on equity of 17.80% and a net margin of 14.28%. Equities research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EA shares. Stifel Nicolaus reduced their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. DA Davidson began coverage on Electronic Arts in a report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price target for the company. Robert W. Baird dropped their price objective 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. BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a research note on Monday, January 27th. Finally, Raymond James downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and an average price target of $154.78.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $156.27, for a total transaction of $234,405.00. Following the completion of the transaction, the executive vice president now owns 24,886 shares of the company’s stock, valued at $3,888,935.22. This trade represents a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the transaction, the chief executive officer now directly owns 47,615 shares of the company’s stock, valued at $7,047,020. The trade was a 9.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,500 shares of company stock worth $3,428,645 in the last three months. 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.