Cibc World Markets Corp Buys 3,374 Shares of Electronic Arts Inc. (NASDAQ:EA)

Cibc World Markets Corp grew its stake in Electronic Arts Inc. (NASDAQ:EA) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 156,665 shares of the game software company’s stock after purchasing an additional 3,374 shares during the period. Cibc World Markets Corp owned approximately 0.06% of Electronic Arts worth $22,920,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Prime Capital Investment Advisors LLC boosted its position in shares of Electronic Arts by 5.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after buying an additional 76 shares during the period. OneDigital Investment Advisors LLC lifted its stake in shares of Electronic Arts by 28.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,403 shares of the game software company’s stock worth $775,000 after acquiring an additional 1,200 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Electronic Arts by 16.0% during the 3rd quarter. Natixis Advisors LLC now owns 263,298 shares of the game software company’s stock valued at $37,768,000 after acquiring an additional 36,262 shares during the period. Thrivent Financial for Lutherans grew its position in Electronic Arts by 4.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 62,486 shares of the game software company’s stock valued at $8,963,000 after acquiring an additional 2,898 shares during the last quarter. Finally, Quest Partners LLC increased its stake in Electronic Arts by 9,077.4% in the third quarter. Quest Partners LLC now owns 15,051 shares of the game software company’s stock worth $2,159,000 after purchasing an additional 14,887 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the topic of a number of research analyst reports. Stifel Nicolaus cut their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Wedbush reaffirmed an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Benchmark lowered their price target on Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Citigroup reduced their price objective on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, BMO Capital Markets lowered their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $154.78.

Insider Activity

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the sale, the chief executive officer now owns 47,615 shares in the company, valued at $7,047,020. This represents a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $148.18, for a total value of $148,180.00. Following the transaction, the chief financial officer now owns 8,750 shares of the company’s stock, valued at approximately $1,296,575. This represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock valued at $3,194,240 in the last ninety days. Insiders own 0.22% of the company’s stock.

Electronic Arts Trading Up 3.0 %

NASDAQ:EA opened at $142.90 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $132.81 and a 200-day simple moving average of $144.80. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a market capitalization of $37.24 billion, a P/E ratio of 36.36, a PEG ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results 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 anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

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.