Townsquare Capital LLC Buys 1,387 Shares of Electronic Arts Inc. (NASDAQ:EA)

Townsquare Capital LLC grew its position in Electronic Arts Inc. (NASDAQ:EA) by 35.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,278 shares of the game software company’s stock after purchasing an additional 1,387 shares during the period. Townsquare Capital LLC’s holdings in Electronic Arts were worth $772,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Los Angeles Capital Management LLC boosted its position in Electronic Arts by 353.4% in the fourth 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 buying an additional 989,319 shares in the last quarter. FMR LLC increased its holdings in Electronic Arts by 224.8% during the 4th quarter. FMR LLC now owns 1,207,854 shares of the game software company’s stock valued at $176,709,000 after purchasing an additional 835,985 shares in the last quarter. Norges Bank acquired a new stake in Electronic Arts during the 4th quarter valued at $96,698,000. Arrowstreet Capital Limited Partnership raised its position in Electronic Arts by 591.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 696,861 shares of the game software company’s stock valued at $101,951,000 after purchasing an additional 596,141 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in Electronic Arts by 100.8% in the fourth quarter. Schroder Investment Management Group now owns 801,915 shares of the game software company’s stock worth $117,513,000 after purchasing an additional 402,501 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Benchmark upped their price target on shares of Electronic Arts from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. BMO Capital Markets lowered their price objective on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Robert W. Baird cut their price objective 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. StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, Oppenheimer decreased their price objective 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 eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $154.65.

Electronic Arts Price Performance

EA stock opened at $145.61 on Friday. The company’s 50-day moving average price is $137.83 and its two-hundred day moving average price is $144.38. The firm has a market cap of $37.95 billion, a P/E ratio of 37.05, a P/E/G ratio of 3.58 and a beta of 0.79. 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 Inc. has a 12 month low of $115.21 and a 12 month 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 EPS for the quarter, missing the consensus estimate 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 anticipate 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 was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were 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 of the company’s stock, valued at $6,080,308.20. The trade was a 10.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 47,514 shares in the company, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock worth $3,019,290 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

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.