Electronic Arts Inc. (NASDAQ:EA) Stake Raised by Capital International Inc. CA

Capital International Inc. CA lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,077 shares of the game software company's stock after buying an additional 8,992 shares during the period. Capital International Inc. CA's holdings in Electronic Arts were worth $14,641,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in EA. Los Angeles Capital Management LLC increased its position in shares of Electronic Arts by 353.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock worth $185,692,000 after acquiring an additional 989,319 shares in the last quarter. FMR LLC increased its holdings in Electronic Arts by 224.8% in the 4th quarter. FMR LLC now owns 1,207,854 shares of the game software company's stock valued at $176,709,000 after purchasing an additional 835,985 shares in the last quarter. Norges Bank purchased a new position in Electronic Arts in the fourth quarter valued at about $96,698,000. Capital International Investors lifted its stake in shares of Electronic Arts by 5.2% during the fourth quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock worth $1,778,553,000 after purchasing an additional 605,796 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Electronic Arts by 591.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 696,861 shares of the game software company's stock valued at $101,951,000 after buying an additional 596,141 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total value of $218,475.00. Following the completion of the transaction, the executive vice president now owns 19,033 shares in the company, valued at $2,772,156.45. This trade represents a 7.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts 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 completion of the transaction, the insider now directly owns 28,216 shares in the company, valued at $3,443,198.48. This represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock worth $3,032,740 over the last 90 days. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Stock Performance

Shares of Electronic Arts stock traded up $0.37 during trading on Friday, hitting $146.56. 801,553 shares of the stock were exchanged, compared to its average volume of 2,635,104. The stock's fifty day moving average is $138.99 and its 200 day moving average is $144.44. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The stock has a market cap of $38.20 billion, a PE ratio of 37.31, a P/E/G ratio of 3.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced 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 return on equity of 17.80% and a net margin of 14.28%. As a group, sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EA. Stifel Nicolaus reduced their target price on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research report on Tuesday, January 21st. Benchmark boosted their price objective on shares of Electronic Arts from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Ascendiant Capital Markets raised their target price on Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Raymond James cut Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Electronic Arts has an average rating of "Hold" and an average price target of $154.22.

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.