Xponance Inc. Raises Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Xponance Inc. grew its position in Electronic Arts Inc. (NASDAQ:EA) by 12.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 37,371 shares of the game software company’s stock after purchasing an additional 4,141 shares during the period. Xponance Inc.’s holdings in Electronic Arts were worth $5,113,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its holdings in Electronic Arts by 23.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock valued at $2,753,000 after buying an additional 4,411 shares during the period. Value Partners Investments Inc. lifted its holdings in shares of Electronic Arts by 33.5% in the 4th quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock worth $53,761,000 after acquiring an additional 107,709 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of Electronic Arts by 14.7% during the 3rd quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock worth $1,381,000 after purchasing an additional 1,469 shares during the period. Morgan Stanley boosted its position in shares of Electronic Arts by 13.0% during the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after purchasing an additional 389,063 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Electronic Arts by 16.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after purchasing an additional 3,600,388 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now directly owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Laura Miele sold 2,000 shares of Electronic Arts stock in a transaction on Monday, April 1st. The shares were sold at an average price of $132.82, for a total transaction of $265,640.00. Following the completion of the transaction, the chief operating officer now directly owns 34,772 shares in the company, valued at $4,618,417.04. The disclosure for this sale can be found here. Insiders have sold 37,144 shares of company stock valued at $5,143,560 in the last ninety days. Insiders own 0.20% of the company’s stock.

Electronic Arts Stock Up 1.3 %

Electronic Arts stock opened at $127.27 on Friday. The stock has a market cap of $34.03 billion, a PE ratio of 32.06, a P/E/G ratio of 1.74 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. The stock’s fifty day moving average is $134.75 and its two-hundred day moving average is $134.40. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.38). The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. Electronic Arts’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $2.29 EPS. On average, sell-side analysts expect that Electronic Arts Inc. will post 5.36 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Tuesday, February 27th. Electronic Arts’s payout ratio is 19.14%.

Analyst Upgrades and Downgrades

EA has been the topic of a number of research reports. Benchmark restated a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research note on Thursday. Wedbush reissued an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a research note on Wednesday, January 31st. BMO Capital Markets began coverage on Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price for the company. Stifel Nicolaus increased their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, UBS Group dropped their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, March 27th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $147.00.

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.