Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Portfolio Design Labs LLC

Portfolio Design Labs LLC grew its stake in Electronic Arts Inc. (NASDAQ:EA) by 18.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,065 shares of the game software company’s stock after purchasing an additional 3,968 shares during the period. Portfolio Design Labs LLC’s holdings in Electronic Arts were worth $3,667,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Sovran Advisors LLC acquired a new position in shares of Electronic Arts in the 4th quarter valued at $214,000. Arlington Partners LLC boosted its stake in Electronic Arts by 1.0% during the 4th quarter. Arlington Partners LLC now owns 28,004 shares of the game software company’s stock worth $4,097,000 after purchasing an additional 269 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in Electronic Arts during the 4th quarter worth $83,000. Savant Capital LLC boosted its stake in Electronic Arts by 11.8% during the 4th quarter. Savant Capital LLC now owns 3,622 shares of the game software company’s stock worth $530,000 after purchasing an additional 381 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its stake in Electronic Arts by 84.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 5,805 shares of the game software company’s stock worth $849,000 after purchasing an additional 2,661 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the sale, the insider now directly owns 30,216 shares of the company’s stock, valued at $4,969,021.20. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the sale, the chief executive officer now directly owns 52,615 shares in the company, valued at $8,758,819.05. This represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,000 shares of company stock valued at $3,889,585. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

EA has been the subject of a number of recent research reports. BMO Capital Markets decreased their price target on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and increased their price target for the stock from $135.00 to $177.00 in a research note on Thursday, October 31st. UBS Group increased their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Robert W. Baird decreased their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Finally, Oppenheimer cut their price objective 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. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and a consensus target price of $155.24.

Electronic Arts Stock Performance

Shares of EA opened at $133.35 on Wednesday. The company has a 50-day simple moving average of $142.62 and a 200-day simple moving average of $147.26. The company has a quick ratio of 1.43, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $34.75 billion, a PE ratio of 33.93, a P/E/G ratio of 2.74 and a beta of 0.79. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50.

Electronic Arts (NASDAQ:EA) last announced its quarterly 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%. Equities research analysts predict that Electronic Arts Inc. will post 4.99 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.57%. Electronic Arts’s payout ratio is 19.34%.

About Electronic Arts

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.