Private Trust Co. NA raised its holdings in Electronic Arts Inc. (NASDAQ:EA – Get Rating) by 17.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,048 shares of the game software company’s stock after purchasing an additional 610 shares during the period. Private Trust Co. NA’s holdings in Electronic Arts were worth $512,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Equitec Proprietary Markets LLC purchased a new stake in shares of Electronic Arts during the fourth quarter worth about $25,000. Old North State Trust LLC increased its stake in Electronic Arts by 59.2% during the 4th quarter. Old North State Trust LLC now owns 242 shares of the game software company’s stock worth $32,000 after buying an additional 90 shares in the last quarter. Tyler Stone Wealth Management acquired a new position in shares of Electronic Arts during the fourth quarter valued at approximately $33,000. Further, Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the fourth quarter valued at approximately $34,000. Finally, North Star Investment Management Corp. boosted its stake in shares of Electronic Arts by 111.1% in the fourth quarter. North Star Investment Management Corp now owns 285 shares of the game software company’s stock worth $38,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 89.28% of the company’s stock.
Shares of Electronic Arts stock opened at $128.96 on Friday. The business has a 50-day simple moving average of $128.58 and a 200-day simple moving average of $129.12. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.18 and a current ratio of 1.18. Electronic Arts Inc. has a one year low of $109.24 and a one year high of $147.76. The company has a market cap of $36.10 billion, a PE ratio of 46.72, a P/E/G ratio of 2.12 and a beta of 0.81.
Electronic Arts (NASDAQ:EA – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The game software company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.22). The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.77 billion. Electronic Arts had a net margin of 11.29% and a return on equity of 18.99%. Electronic Arts’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 earnings per share. On average, sell-side analysts predict that Electronic Arts Inc will post 5.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 22nd. Investors of record on Wednesday, June 8th were paid a dividend of $0.19 per share. This is a positive change from Electronic Arts’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 0.59%. The ex-dividend date was Tuesday, June 7th. Electronic Arts’s dividend payout ratio (DPR) is currently 27.54%.
A number of research analysts have weighed in on the company. Wedbush decreased their price objective on Electronic Arts from $180.00 to $164.00 in a report on Wednesday, May 11th. Stifel Nicolaus lowered their price target on shares of Electronic Arts from $165.00 to $155.00 in a research report on Thursday, April 21st. Morgan Stanley dropped their price objective on shares of Electronic Arts from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, June 13th. Credit Suisse Group decreased their target price on shares of Electronic Arts from $169.00 to $162.00 in a research note on Wednesday, May 11th. Finally, The Goldman Sachs Group upped their price target on Electronic Arts from $125.00 to $133.00 and gave the company a “neutral” rating in a research report on Thursday, June 9th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com , Electronic Arts has an average rating of “Moderate Buy” and a consensus price target of $155.75.
In related news, CEO Andrew Wilson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $128.58, for a total transaction of $1,285,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $126.85, for a total value of $101,480.00. The disclosure for this sale can be found here. Insiders sold 53,438 shares of company stock valued at $6,968,072 in the last 90 days. 0.65% of the stock is currently owned by insiders.
Electronic Arts Company Profile (Get Rating)
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.
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