Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC boosted its stake in Electronic Arts Inc. (NASDAQ:EAFree Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 636,937 shares of the game software company’s stock after purchasing an additional 6,557 shares during the period. DAVENPORT & Co LLC owned approximately 0.24% of Electronic Arts worth $87,095,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. DHJJ Financial Advisors Ltd. bought a new position in shares of Electronic Arts during the third quarter worth about $26,000. Bray Capital Advisors lifted its position in shares of Electronic Arts by 100.0% during the third quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after purchasing an additional 110 shares during the last quarter. Resurgent Financial Advisors LLC bought a new position in shares of Electronic Arts during the fourth quarter worth about $26,000. Leith Wheeler Investment Counsel Ltd. lifted its holdings in Electronic Arts by 269.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock worth $29,000 after acquiring an additional 154,989 shares during the last quarter. Finally, Neo Ivy Capital Management lifted its holdings in Electronic Arts by 70.1% in the second quarter. Neo Ivy Capital Management now owns 262 shares of the game software company’s stock worth $31,000 after acquiring an additional 108 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $137.95, for a total value of $137,950.00. Following the completion of the sale, the insider now owns 21,258 shares of the company’s stock, valued at approximately $2,932,541.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $138.88, for a total value of $347,200.00. Following the sale, the chief executive officer now owns 30,930 shares of the company’s stock, valued at $4,295,558.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $137.95, for a total transaction of $137,950.00. Following the completion of the transaction, the insider now owns 21,258 shares in the company, valued at $2,932,541.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,144 shares of company stock worth $5,153,300. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a report on Wednesday, January 31st. UBS Group cut their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Stifel Nicolaus raised their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Wolfe Research assumed coverage on Electronic Arts in a report on Tuesday, December 12th. They set a “peer perform” rating on the stock. Finally, BMO Capital Markets assumed coverage on Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Get Our Latest Stock Analysis on Electronic Arts

Electronic Arts Price Performance

Electronic Arts stock traded down $1.19 during mid-day trading on Tuesday, hitting $132.15. The company’s stock had a trading volume of 2,032,600 shares, compared to its average volume of 2,069,757. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $35.33 billion, a P/E ratio of 33.29, a P/E/G ratio of 1.96 and a beta of 0.76. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $144.53. The stock’s fifty day moving average price is $137.12 and its two-hundred day moving average price is $133.68.

Electronic Arts (NASDAQ:EAGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.29 EPS. Research analysts forecast that Electronic Arts Inc. will post 5.36 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.58%. The ex-dividend date was Tuesday, February 27th. Electronic Arts’s payout ratio is 19.14%.

About Electronic Arts

(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.

See Also

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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.com's FREE daily email newsletter.