Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Bigelow Investment Advisors LLC

Bigelow Investment Advisors LLC increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.6% during the 4th quarter, HoldingsChannel reports. The fund owned 3,014 shares of the game software company’s stock after acquiring an additional 104 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in Electronic Arts were worth $412,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Knights of Columbus Asset Advisors LLC raised its stake in Electronic Arts by 0.3% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 34,102 shares of the game software company’s stock valued at $4,106,000 after buying an additional 86 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Electronic Arts by 0.3% in the 3rd quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company’s stock valued at $3,261,000 after acquiring an additional 87 shares during the last quarter. Beacon Pointe Advisors LLC raised its position in shares of Electronic Arts by 5.0% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 1,900 shares of the game software company’s stock worth $246,000 after acquiring an additional 91 shares in the last quarter. Mirador Capital Partners LP boosted its holdings in Electronic Arts by 2.9% in the fourth quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock valued at $447,000 after purchasing an additional 91 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in Electronic Arts by 4.1% in the fourth quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock valued at $322,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of Electronic Arts stock traded up $1.64 on Friday, reaching $127.27. 1,869,075 shares of the stock were exchanged, compared to its average volume of 2,041,254. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $34.03 billion, a PE ratio of 32.07, a PEG ratio of 1.75 and a beta of 0.76. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53. The business has a fifty day moving average price of $135.02 and a two-hundred day moving average price of $134.25.

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

Electronic Arts Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on EA. Wedbush restated an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. Stifel Nicolaus boosted their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. BMO Capital Markets assumed coverage on Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective on the stock. UBS Group reduced their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, March 27th. Finally, Benchmark restated a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and an average target price of $147.00.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the transaction, the insider now directly owns 18,426 shares of the company’s stock, valued at $2,362,397.46. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the transaction, the insider now owns 18,426 shares in the company, valued at $2,362,397.46. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeff Huber sold 11,872 shares of Electronic Arts stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $141.90, for a total value of $1,684,636.80. Following the transaction, the director now directly owns 79,381 shares of the company’s stock, valued at approximately $11,264,163.90. The disclosure for this sale can be found here. Insiders have sold a total of 37,144 shares of company stock valued at $5,143,560 in the last ninety days. 0.20% of the stock is currently owned by company 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.