E Fund Management Co. Ltd. Grows Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

E Fund Management Co. Ltd. lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 30.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,707 shares of the game software company’s stock after purchasing an additional 874 shares during the period. E Fund Management Co. Ltd.’s holdings in Electronic Arts were worth $542,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts during the 3rd quarter worth $25,000. Pinnacle Bancorp Inc. lifted 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. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts during the 4th quarter worth $32,000. SBI Securities Co. Ltd. purchased a new stake in shares of Electronic Arts during the 4th quarter worth $41,000. Finally, Larson Financial Group LLC lifted its position in shares of Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $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 Trading Up 2.4 %

Shares of EA stock opened at $140.04 on Friday. The business’s 50 day moving average is $133.83 and its two-hundred day moving average is $145.33. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a market capitalization of $36.50 billion, a P/E ratio of 35.63, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly 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 14.28% and a return on equity of 17.80%. Equities analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EA. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Benchmark dropped their price objective on Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. DA Davidson began coverage on Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price objective on the stock. Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Friday, January 31st. Finally, BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Monday, January 27th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $154.78.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the sale, the insider now directly owns 29,216 shares in the company, valued at $4,311,405.12. The trade was a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the sale, the chief executive officer now owns 47,615 shares in the company, valued at approximately $7,047,020. The trade was a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,500 shares of company stock worth $3,428,645 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

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.