Choreo LLC Purchases 610 Shares of Electronic Arts Inc. (NASDAQ:EA)

Choreo LLC boosted its position in Electronic Arts Inc. (NASDAQ:EA) by 17.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,041 shares of the game software company’s stock after purchasing an additional 610 shares during the period. Choreo LLC’s holdings in Electronic Arts were worth $592,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its position in shares of Electronic Arts by 51.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after acquiring an additional 373,730 shares during the period. abrdn plc grew its position in shares of Electronic Arts by 59.2% during the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company’s stock valued at $123,484,000 after acquiring an additional 319,335 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Electronic Arts by 8,503.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock valued at $45,626,000 after acquiring an additional 314,388 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Electronic Arts during the 3rd quarter valued at approximately $40,154,000. Finally, Huntington National Bank grew its position in shares of Electronic Arts by 983.4% during the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after acquiring an additional 234,098 shares during the period. 90.23% of the stock is owned by institutional investors.

Insider Activity at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $163.30, for a total value of $244,950.00. Following the sale, the executive vice president now owns 23,360 shares of the company’s stock, valued at $3,814,688. This trade represents a 6.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the sale, the chief executive officer now directly owns 52,615 shares in the company, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,000 shares of company stock valued at $3,889,585. Insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

Electronic Arts stock opened at $132.09 on Tuesday. The firm’s fifty day moving average price is $143.31 and its 200-day moving average price is $147.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.38. The stock has a market cap of $34.43 billion, a P/E ratio of 33.61, a price-to-earnings-growth ratio of 2.74 and a beta of 0.79. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, equities research analysts expect that Electronic Arts Inc. will post 4.99 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

Analysts Set New Price Targets

EA has been the subject of a number of research reports. Oppenheimer reduced their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. UBS Group upped their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Roth Mkm dropped their price target on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and upped their price target for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Finally, Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $155.24.

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.