Ameriprise Financial Inc. Purchases 362,807 Shares of Electronic Arts Inc. (NASDAQ:EA)

Ameriprise Financial Inc. boosted its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 58.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 980,380 shares of the game software company's stock after purchasing an additional 362,807 shares during the quarter. Ameriprise Financial Inc. owned about 0.38% of Electronic Arts worth $143,430,000 as of its most recent filing with the SEC.

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

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the completion of the transaction, the chief executive officer now owns 37,615 shares in the company, valued at approximately $4,895,216.10. The trade was a 11.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $155.57, for a total transaction of $388,925.00. Following the completion of the sale, the insider now owns 40,189 shares in the company, valued at approximately $6,252,202.73. This trade represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,000 shares of company stock valued at $3,118,120. Company insiders own 0.22% of the company's stock.

Electronic Arts Price Performance

NASDAQ EA traded down $2.36 during trading hours on Friday, reaching $153.30. 2,921,660 shares of the company's stock were exchanged, compared to its average volume of 2,700,805. The firm has a fifty day moving average of $143.36 and a 200-day moving average of $144.90. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The stock has a market cap of $39.95 billion, a PE ratio of 39.01, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (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%. On average, equities research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts's dividend payout ratio is 19.34%.

Analyst Upgrades and Downgrades

EA has been the subject of a number of analyst reports. Wedbush increased their price target on Electronic Arts from $179.00 to $210.00 and gave the company an "outperform" rating in a report on Wednesday. TD Cowen increased their price target on Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a research note on Wednesday. Robert W. Baird set a $168.00 target price on Electronic Arts in a research report on Wednesday. DA Davidson assumed coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They set a "neutral" rating and a $140.00 target price for the company. Finally, Bank of America lifted their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of "Hold" and a consensus price target of $161.83.

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.