1 week Ago By ABMN Staff
Custom Index Systems LLC acquired a new stake in Electronic Arts Inc. ( NASDAQ:EA – Free Report ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,613 shares of the game software company’s stock, valued at approximately $225,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Electronic Arts by 14.
7% in the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after purchasing an additional 3,727,251 shares in the last quarter.
Capital International Investors increased its stake in shares of Electronic Arts by 16.4% in the 1st quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock valued at $782,920,000 after purchasing an additional 833,492 shares in the last quarter.
Ninety One UK Ltd increased its stake in shares of Electronic Arts by 1.3% in the 2nd quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock valued at $596,825,000 after purchasing an additional 53,237 shares in the last quarter.
FIL Ltd increased its stake in shares of Electronic Arts by 4.4% in the 4th quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock valued at $469,011,000 after purchasing an additional 145,466 shares in the last quarter.
Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Electronic Arts by 496.9% in the 1st quarter.
Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock valued at $333,169,000 after purchasing an additional 2,090,504 shares in the last quarter. Institutional investors and hedge funds own 90.
23% of the company’s stock. Analyst Ratings Changes Several equities research analysts have commented on the company. Oppenheimer boosted their price objective on Electronic Arts from $150.
00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Benchmark boosted their price objective on Electronic Arts from $153.
00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Wedbush boosted their price objective on Electronic Arts from $162.
00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. UBS Group boosted their price objective on Electronic Arts from $143.
00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Roth Mkm boosted their price objective on Electronic Arts from $135.
00 to $152.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock.
According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $161.28.
Electronic Arts Stock Down 1.3 % NASDAQ:EA opened at $144.01 on Monday.
The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.
25. The stock’s fifty day moving average is $145.65 and its two-hundred day moving average is $137.
50. Electronic Arts Inc. has a 52 week low of $117.
47 and a 52 week high of $153.51. The stock has a market capitalization of $38.
05 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 2.16 and a beta of 0.
79. Electronic Arts Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be paid a dividend of $0.
19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.
53%. The ex-dividend date is Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is 16.
24%. Insiders Place Their Bets In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $151.
70, for a total transaction of $151,700.00. Following the sale, the insider now owns 30,190 shares of the company’s stock, valued at $4,579,823.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $151.
70, for a total transaction of $151,700.00. Following the sale, the insider now owns 30,190 shares of the company’s stock, valued at $4,579,823.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction on Wednesday, August 28th.
The stock was sold at an average price of $149.32, for a total value of $223,980.00.
Following the sale, the executive vice president now directly owns 27,860 shares in the company, valued at approximately $4,160,055.20. The disclosure for this sale can be found here .
Insiders have sold 27,070 shares of company stock worth $3,963,638 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.
Electronic Arts Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding EA? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Electronic Arts Inc. ( NASDAQ:EA – Free Report ). Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.
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