Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.5% in the fourth quarter, Holdings Channel reports. The fund owned 15,848 shares of the game software company’s stock after purchasing an additional 967 shares during the period. Bleakley Financial Group LLC’s holdings in Electronic Arts were worth $2,319,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts in the 3rd quarter valued at approximately $25,000. Pinnacle Bancorp Inc. lifted its holdings in shares of Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares during the period. Reston Wealth Management LLC acquired a new stake in shares of Electronic Arts in the 3rd quarter valued at approximately $36,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Electronic Arts by 156.6% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after buying an additional 166 shares during the period. Finally, Larson Financial Group LLC increased its stake 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 purchasing an additional 70 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Raymond James downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Robert W. Baird dropped their price objective on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Bank of America raised their price objective on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday. BMO Capital Markets dropped their price objective on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday. Finally, BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Monday, January 27th. Twelve 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, the stock has an average rating of “Hold” and an average target price of $155.24.

Insider Activity at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $163.30, for a total transaction of $244,950.00. Following the transaction, the executive vice president now owns 23,360 shares in the company, valued at $3,814,688. The trade was a 6.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the transaction, the insider now owns 28,216 shares in the company, valued at approximately $3,443,198.48. This represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,500 shares of company stock worth $3,562,510. 0.22% of the stock is owned by insiders.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $132.00 on Friday. The company has a market cap of $34.62 billion, a P/E ratio of 33.93, a P/E/G ratio of 2.50 and a beta of 0.79. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The business has a fifty day simple moving average of $144.69 and a 200-day simple moving average of $147.43.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%. Equities research analysts forecast that Electronic Arts Inc. will post 5.02 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. Investors of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s payout ratio is currently 19.34%.

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.