Appleton Partners Inc. MA grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,451 shares of the game software company’s stock after purchasing an additional 646 shares during the period. Appleton Partners Inc. MA’s holdings in Electronic Arts were worth $4,901,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in EA. Newfound Research LLC raised its holdings in shares of Electronic Arts by 41.8% in the 3rd quarter. Newfound Research LLC now owns 814 shares of the game software company’s stock worth $116,000 after acquiring an additional 240 shares during the last quarter. Unigestion Holding SA raised its holdings in shares of Electronic Arts by 59.1% in the 3rd quarter. Unigestion Holding SA now owns 291,468 shares of the game software company’s stock worth $40,201,000 after acquiring an additional 108,222 shares during the last quarter. Jacobs & Co. CA raised its holdings in shares of Electronic Arts by 6.6% in the 3rd quarter. Jacobs & Co. CA now owns 50,412 shares of the game software company’s stock worth $7,171,000 after acquiring an additional 3,115 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Electronic Arts in the 3rd quarter valued at about $519,000. Finally, Northwest Bancshares Inc. increased its stake in Electronic Arts by 7.2% in the 3rd quarter. Northwest Bancshares Inc. now owns 35,544 shares of the game software company’s stock valued at $5,056,000 after buying an additional 2,401 shares during the last quarter. Hedge funds and other institutional investors own 88.97% of the company’s stock.
Several research firms have commented on EA. Morgan Stanley increased their price objective on shares of Electronic Arts from $150.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, August 5th. Robert W. Baird increased their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 4th. Oppenheimer increased their target price on shares of Electronic Arts from $165.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, November 4th. TheStreet raised shares of Electronic Arts from a “c+” rating to a “b” rating in a research report on Wednesday, August 4th. Finally, Zacks Investment Research downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $144.00 target price for the company. in a research report on Friday, August 6th. Eight research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $166.40.
Electronic Arts (NASDAQ:EA) last posted its earnings results on Wednesday, November 3rd. The game software company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.32. Electronic Arts had a net margin of 12.27% and a return on equity of 18.55%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the company posted ($0.03) EPS. As a group, research analysts anticipate that Electronic Arts Inc. will post 5.48 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 22nd. Stockholders of record on Wednesday, December 8th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Tuesday, December 7th. Electronic Arts’s dividend payout ratio (DPR) is currently 25.09%.
In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $145.34, for a total value of $116,272.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 10,000 shares of Electronic Arts stock in a transaction dated Tuesday, September 21st. The shares were sold at an average price of $127.63, for a total transaction of $1,276,300.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,914 shares of company stock worth $5,083,805. Corporate insiders own 0.65% of the company’s stock.
Electronic Arts Profile
Electronic Arts, Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.
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