Capital International Investors Has $1.78 Billion Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Capital International Investors grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,156,791 shares of the game software company's stock after acquiring an additional 605,796 shares during the period. Capital International Investors owned about 4.66% of Electronic Arts worth $1,778,553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. increased its position in shares of Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Electronic Arts in the fourth quarter worth about $32,000. Millstone Evans Group LLC bought a new stake in Electronic Arts in the fourth quarter valued at about $37,000. SBI Securities Co. Ltd. bought a new position in Electronic Arts during the 4th quarter worth approximately $41,000. Finally, OFI Invest Asset Management acquired a new position in shares of Electronic Arts in the 4th quarter worth approximately $42,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

EA stock traded down $2.71 during trading hours on Wednesday, hitting $143.16. 940,529 shares of the stock traded hands, compared to its average volume of 2,628,649. The stock has a 50-day simple moving average of $138.37 and a 200 day simple moving average of $144.42. The company has a market cap of $37.31 billion, a P/E ratio of 36.43, a P/E/G ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. 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 earnings results on Tuesday, February 4th. The game software company reported $2.34 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%. Equities analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were given a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts's dividend payout ratio (DPR) is 19.34%.

Wall Street Analyst Weigh In

EA has been the topic of several research analyst reports. Robert W. Baird reduced their price objective on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a research note on Thursday, January 23rd. Roth Mkm decreased their price target on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a report on Thursday, January 23rd. Stifel Nicolaus dropped their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research note on Tuesday, January 21st. Ascendiant Capital Markets upped their target price on Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Finally, Moffett Nathanson raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a report on Friday, January 31st. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $154.00.

Insider Buying and Selling

In other news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the transaction, the insider now owns 47,514 shares in the company, valued at approximately $6,216,256.62. The trade was a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the 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 sale, the insider now directly owns 28,216 shares of the company's stock, valued at approximately $3,443,198.48. This represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,000 shares of company stock valued at $3,032,740. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Company 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.