Axa S.A. Purchases 39,701 Shares of Electronic Arts Inc. $EA

Axa S.A. increased its position in Electronic Arts Inc. (NASDAQ:EA) by 18.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,240 shares of the game software company’s stock after acquiring an additional 39,701 shares during the quarter. Axa S.A. owned about 0.10% of Electronic Arts worth $40,442,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EA. Salomon & Ludwin LLC increased its stake in shares of Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after purchasing an additional 68 shares during the period. MTM Investment Management LLC bought a new position in Electronic Arts in the 2nd quarter worth approximately $30,000. Frazier Financial Advisors LLC lifted its holdings in shares of Electronic Arts by 328.9% during the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock worth $31,000 after buying an additional 148 shares during the last quarter. NewSquare Capital LLC boosted its position in shares of Electronic Arts by 67.5% in the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock valued at $31,000 after acquiring an additional 79 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.1%

EA stock opened at $203.82 on Wednesday. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $204.64. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $201.17 and its 200-day moving average is $175.23. The firm has a market cap of $50.98 billion, a P/E ratio of 59.60, a P/E/G ratio of 2.44 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the firm earned $1.11 EPS. Electronic Arts’s quarterly revenue was down 12.6% compared to the same quarter last year. Equities analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is presently 22.22%.

Insider Activity

In other Electronic Arts news, Director Jeff Huber sold 79,381 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $201.17, for a total value of $15,969,075.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $201.05, for a total transaction of $1,005,250.00. Following the sale, the chief executive officer directly owned 48,858 shares in the company, valued at $9,822,900.90. This represents a 9.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 134,869 shares of company stock valued at $26,878,477. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. UBS Group set a $210.00 target price on shares of Electronic Arts and gave the company a “neutral” rating in a research note on Tuesday, September 30th. Citigroup boosted their price objective on shares of Electronic Arts from $206.00 to $207.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. BMO Capital Markets increased their target price on shares of Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a research note on Tuesday, September 30th. Oppenheimer downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 30th. Finally, Morgan Stanley upped their price target on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Four investment analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $181.21.

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.