Electronic Arts Inc. (NASDAQ:EA) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 22.4% during the 4th quarter, Holdings Channel reports. The firm owned 29,572 shares of the game software company’s stock after buying an additional 5,411 shares during the period. NEOS Investment Management LLC’s holdings in Electronic Arts were worth $4,326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. raised its position in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Electronic Arts in the fourth quarter valued at approximately $32,000. Millstone Evans Group LLC purchased a new position in Electronic Arts in the fourth quarter worth approximately $37,000. SBI Securities Co. Ltd. acquired a new position in Electronic Arts during the 4th quarter worth approximately $41,000. Finally, Larson Financial Group LLC increased its position in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on EA. DA Davidson initiated coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They set a “neutral” rating and a $140.00 target price for the company. BMO Capital Markets dropped their price objective on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Ascendiant Capital Markets boosted their target price on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Oppenheimer dropped their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Finally, Robert W. Baird reduced their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. Thirteen investment 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.com, the company has an average rating of “Hold” and a consensus target price of $155.65.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the completion of the transaction, the insider now directly owns 29,216 shares of the company’s stock, valued at $4,311,405.12. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the transaction, the chief executive officer now directly owns 42,615 shares of the company’s stock, valued at $6,080,308.20. The trade was a 10.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,000 shares of company stock valued at $3,018,560. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Trading Up 0.1 %

NASDAQ EA opened at $145.30 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $37.87 billion, a P/E ratio of 36.97, a P/E/G ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The firm has a 50-day moving average price of $133.00 and a 200 day moving average price of $144.62.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Equities research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

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.