Quarry LP Makes New $223,000 Investment in Electronic Arts Inc. (NASDAQ:EA)

Quarry LP bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,525 shares of the game software company’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also made changes to their positions in EA. Pinnacle Bancorp Inc. boosted its position in Electronic Arts by 141.0% during 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 during the period. Whipplewood Advisors LLC acquired a new position in Electronic Arts during the 4th quarter valued at approximately $32,000. Millstone Evans Group LLC acquired a new position in Electronic Arts during the 4th quarter valued at approximately $37,000. SBI Securities Co. Ltd. acquired a new position in Electronic Arts during the 4th quarter valued at approximately $41,000. Finally, OFI Invest Asset Management acquired a new position in Electronic Arts during the 4th quarter valued at approximately $42,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Up 0.3 %

Shares of Electronic Arts stock opened at $146.60 on Monday. The stock’s fifty day moving average is $139.36 and its 200-day moving average is $144.48. The firm has a market capitalization of $38.21 billion, a PE ratio of 37.30, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results 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 net margin of 14.28% and a return on equity of 17.80%. Equities analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. Electronic Arts’s dividend payout ratio is 19.34%.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the transaction, the insider now owns 28,216 shares in the company, valued at $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the transaction, the chief executive officer now owns 37,615 shares in the company, valued at $4,895,216.10. This trade represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,000 shares of company stock worth $3,032,740. 0.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target for the company. in a research report on Monday, January 27th. Robert W. Baird reduced their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Citigroup reduced their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, Roth Mkm reduced their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $154.22.

Electronic Arts 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.