Choreo LLC Takes $460,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Choreo LLC bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,350 shares of the game software company’s stock, valued at approximately $460,000.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Electronic Arts by 14.7% in the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after acquiring an additional 3,727,251 shares during the last quarter. Capital International Investors increased its holdings in Electronic Arts by 16.4% in the 1st quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock worth $782,920,000 after acquiring an additional 833,492 shares during the last quarter. Ninety One UK Ltd increased its holdings in Electronic Arts by 1.3% in the 2nd quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock worth $596,825,000 after acquiring an additional 53,237 shares during the last quarter. FIL Ltd increased its holdings in Electronic Arts by 4.4% in the 4th quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock worth $469,011,000 after acquiring an additional 145,466 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Electronic Arts by 496.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after purchasing an additional 2,090,504 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

EA opened at $145.83 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $153.51. The stock has a market capitalization of $38.53 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The stock’s 50 day moving average price is $146.26 and its 200-day moving average price is $137.60.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. On average, equities research analysts predict that Electronic Arts Inc. will post 5.89 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts’s payout ratio is 16.24%.

Analysts Set New Price Targets

Several research analysts have commented on the company. The Goldman Sachs Group raised their target price on Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Benchmark raised their target price on Electronic Arts from $153.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley raised their target price on Electronic Arts from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Oppenheimer raised their target price on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Finally, StockNews.com upgraded Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Electronic Arts has an average rating of “Moderate Buy” and an average target price of $161.28.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total value of $350,650.00. Following the sale, the chief executive officer now directly owns 61,747 shares of the company’s stock, valued at $8,660,634.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total transaction of $350,650.00. Following the sale, the chief executive officer now directly owns 61,747 shares of the company’s stock, valued at approximately $8,660,634.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total transaction of $211,515.00. Following the sale, the chief financial officer now owns 10,553 shares of the company’s stock, valued at $1,488,078.53. The disclosure for this sale can be found here. Insiders have sold a total of 27,070 shares of company stock valued at $3,963,638 over the last ninety days. Company insiders own 0.22% of the company’s stock.

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.