Advanced Portfolio Management LLC Takes $696,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Advanced Portfolio Management LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,759 shares of the game software company's stock, valued at approximately $696,000.

Several other institutional investors have also added to or reduced their stakes in the company. Claro Advisors LLC grew its stake in shares of Electronic Arts by 3.4% in the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock worth $334,000 after purchasing an additional 75 shares during the last quarter. Intrust Bank NA increased its stake in shares of Electronic Arts by 3.3% in the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock valued at $362,000 after buying an additional 78 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Electronic Arts by 11.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock worth $119,000 after acquiring an additional 81 shares during the period. Ballentine Partners LLC boosted its holdings in Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock valued at $550,000 after acquiring an additional 82 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its position in Electronic Arts by 1.7% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company's stock valued at $708,000 after purchasing an additional 83 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EA has been the topic of several research analyst reports. StockNews.com lowered shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. Robert W. Baird reduced their price target on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a research report on Thursday, January 23rd. HSBC upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price objective on the stock in a report on Wednesday. UBS Group lifted their price objective on shares of Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating in a report on Wednesday. Finally, BMO Capital Markets lowered their target price on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Fourteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $161.21.

Electronic Arts Stock Performance

Electronic Arts stock traded up $0.96 during midday trading on Wednesday, reaching $155.50. The stock had a trading volume of 5,408,114 shares, compared to its average volume of 2,705,659. The firm has a market capitalization of $40.53 billion, a PE ratio of 39.57, a P/E/G ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm's 50-day moving average price is $141.87 and its 200 day moving average price is $144.70.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.49%. Electronic Arts's payout ratio is 19.34%.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $145.37, for a total value of $726,850.00. Following the transaction, the chief executive officer now directly owns 27,615 shares of the company's stock, valued at $4,014,392.55. The trade was a 15.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stuart Canfield sold 1,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the completion of the sale, the chief financial officer now directly owns 9,516 shares in the company, valued at approximately $1,238,126.76. This trade represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,000 shares of company stock valued at $3,056,270. Corporate insiders own 0.22% of the company's stock.

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.