Xponance Inc. Buys 13,704 Shares of Electronic Arts Inc. (NASDAQ:EA)

Xponance Inc. increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 34.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 53,689 shares of the game software company’s stock after purchasing an additional 13,704 shares during the quarter. Xponance Inc.’s holdings in Electronic Arts were worth $7,855,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of EA. OneDigital Investment Advisors LLC increased its position in shares of Electronic Arts by 28.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,403 shares of the game software company’s stock valued at $775,000 after purchasing an additional 1,200 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Electronic Arts by 4.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 62,486 shares of the game software company’s stock valued at $8,963,000 after acquiring an additional 2,898 shares during the last quarter. Pathstone Holdings LLC grew its position in Electronic Arts by 3.6% in the 3rd quarter. Pathstone Holdings LLC now owns 23,622 shares of the game software company’s stock valued at $3,388,000 after acquiring an additional 821 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in Electronic Arts by 3.9% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,754 shares of the game software company’s stock valued at $682,000 after acquiring an additional 180 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Electronic Arts in the 3rd quarter valued at $2,362,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.1 %

Shares of NASDAQ EA opened at $141.97 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $37.00 billion, a P/E ratio of 36.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The business has a fifty day moving average price of $132.71 and a 200 day moving average price of $144.71.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 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 expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Analysts Set New Price Targets

EA has been the topic of several research analyst reports. Stifel Nicolaus cut their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Robert W. Baird cut their price objective 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. BMO Capital Markets cut their price objective on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. StockNews.com downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, Bank of America increased their price target on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and an average price target of $154.78.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the transaction, the chief executive officer now directly owns 47,615 shares of the company’s stock, valued at approximately $7,047,020. This represents a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the transaction, the insider now directly owns 29,216 shares in the company, valued at $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,000 shares of company stock worth $3,194,240. 0.22% of the stock is owned by insiders.

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.