Envestnet Asset Management Inc. Has $39.32 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Envestnet Asset Management Inc. grew its position in Electronic Arts Inc. (NASDAQ:EA) by 8.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 282,178 shares of the game software company’s stock after acquiring an additional 20,792 shares during the period. Envestnet Asset Management Inc.’s holdings in Electronic Arts were worth $39,316,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S raised its position in Electronic Arts by 82.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock worth $3,327,000 after purchasing an additional 11,343 shares during the last quarter. FORA Capital LLC lifted its stake in shares of Electronic Arts by 209.7% in the first quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock worth $6,101,000 after acquiring an additional 31,136 shares during the period. Duality Advisers LP bought a new stake in Electronic Arts in the first quarter valued at approximately $1,711,000. Eaton Financial Holdings Company LLC bought a new stake in Electronic Arts in the fourth quarter valued at approximately $1,259,000. Finally, Scotia Capital Inc. increased its position in Electronic Arts by 99.4% during the 4th quarter. Scotia Capital Inc. now owns 17,338 shares of the game software company’s stock valued at $2,372,000 after purchasing an additional 8,644 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EA. Benchmark reaffirmed a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday. Roth Mkm reissued a “neutral” rating and issued a $154.00 price objective on shares of Electronic Arts in a research report on Thursday. TD Cowen boosted their price objective on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Jefferies Financial Group began coverage on Electronic Arts in a research note on Thursday, July 11th. They set a “buy” rating and a $165.00 target price for the company. Finally, Citigroup lowered Electronic Arts from a “buy” rating to a “neutral” rating and boosted their price target for the company from $148.00 to $161.00 in a research note on Monday, July 15th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.94.

Electronic Arts Trading Up 0.2 %

NASDAQ EA opened at $140.74 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $146.36 and a 200 day simple moving average of $137.68. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $153.51. The firm has a market capitalization of $37.40 billion, a P/E ratio of 30.13, a PEG ratio of 1.97 and a beta of 0.79.

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

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is currently 16.24%.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the sale, the insider now owns 38,574 shares in the company, valued at $5,389,173.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the transaction, the insider now owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total value of $350,650.00. Following the completion of 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,570 shares of company stock valued at $4,183,508. 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.