Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 20.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 193,647 shares of the game software company’s stock after acquiring an additional 32,649 shares during the period. Sei Investments Co. owned approximately 0.07% of Electronic Arts worth $28,331,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EA. Los Angeles Capital Management LLC lifted its stake in Electronic Arts by 353.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock valued at $185,692,000 after buying an additional 989,319 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Electronic Arts by 51.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock worth $160,893,000 after acquiring an additional 373,730 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in Electronic Arts by 8,503.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after acquiring an additional 314,388 shares during the period. Teacher Retirement System of Texas raised its holdings in Electronic Arts by 165.7% in the 4th quarter. Teacher Retirement System of Texas now owns 417,817 shares of the game software company’s stock valued at $61,127,000 after acquiring an additional 260,567 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Electronic Arts during the fourth quarter worth about $34,334,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Down 0.0 %

NASDAQ:EA opened at $144.50 on Wednesday. The stock has a market cap of $37.66 billion, a price-to-earnings ratio of 36.77, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The business’s 50-day simple moving average is $132.86 and its 200 day simple moving average is $144.61.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, sell-side analysts predict that Electronic Arts Inc. will post 4.71 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 19th. Stockholders of record on Wednesday, February 26th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s payout ratio is currently 19.34%.

Wall Street Analyst Weigh In

Several research firms have commented on EA. Wedbush restated an “outperform” rating and issued a $173.00 price target on shares of Electronic Arts in a report on Thursday, January 23rd. BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a report on Monday, January 27th. Ascendiant Capital Markets increased their price target on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. StockNews.com cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Robert W. Baird cut their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $155.65.

Insider Activity

In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction 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 completion of the transaction, the chief financial officer now owns 8,750 shares of the company’s stock, valued at $1,296,575. The trade was a 10.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the sale, the insider now directly owns 47,514 shares in the company, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,000 shares of company stock worth $3,166,740. 0.22% of the stock is currently owned by corporate insiders.

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.