Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 63.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 19,923 shares of the game software company’s stock after acquiring an additional 7,753 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Electronic Arts were worth $2,918,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Swedbank AB raised its holdings in Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after acquiring an additional 95,190 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Electronic Arts during the 4th quarter worth $217,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Electronic Arts by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after buying an additional 36,153 shares during the last quarter. Fisher Funds Management LTD acquired a new stake in shares of Electronic Arts during the 4th quarter worth $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of Electronic Arts during the 4th quarter worth $13,845,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $148.18, for a total transaction of $148,180.00. Following the sale, the chief financial officer now owns 8,750 shares in the company, valued at approximately $1,296,575. This trade represents a 10.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock worth $3,194,240 over the last quarter. 0.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EA has been the subject of a number of research analyst reports. Roth Mkm dropped their price objective on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Robert W. Baird dropped their price objective on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. StockNews.com downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Finally, Citigroup decreased their price target on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and an average target price of $154.78.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $141.97 on Thursday. The firm has a market cap of $37.00 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The firm’s 50-day simple moving average is $132.71 and its 200-day simple moving average is $144.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50.

Electronic Arts (NASDAQ:EA) last issued 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%. Equities analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) 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.