16,093 Shares in Electronic Arts Inc. (NASDAQ:EA) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,093 shares of the game software company's stock, valued at approximately $2,354,000.

Several other institutional investors have also made changes to their positions in the stock. Capital International Investors increased its position in Electronic Arts by 5.2% during the 4th 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. Geode Capital Management LLC grew its stake in shares of Electronic Arts by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock worth $978,650,000 after buying an additional 30,929 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Electronic Arts by 6.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock worth $648,169,000 after buying an additional 270,991 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Electronic Arts by 12.4% in the 4th quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company's stock valued at $476,540,000 after acquiring an additional 360,563 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Electronic Arts by 3.9% during the 4th quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock valued at $472,362,000 after acquiring an additional 120,632 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EA shares. Hsbc Global Res upgraded Electronic Arts from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Stifel Nicolaus cut their price target on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. Bank of America increased their price objective on Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. TD Cowen upped their price target on Electronic Arts from $160.00 to $172.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Moffett Nathanson restated a "neutral" rating and set a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday. Fifteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Electronic Arts presently has an average rating of "Hold" and an average target price of $161.83.

Insider Activity

In other news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts 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 directly owns 19,033 shares in the company, valued at approximately $2,772,156.45. The trade was a 7.31 % 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 the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the sale, the chief executive officer now directly owns 37,615 shares in the company, valued at $4,895,216.10. This trade represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock valued at $3,118,120 in the last ninety days. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Down 1.5 %

NASDAQ:EA traded down $2.36 on Friday, hitting $153.30. The stock had a trading volume of 2,921,660 shares, compared to its average volume of 2,703,526. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The firm's fifty day simple moving average is $143.36 and its two-hundred day simple moving average is $144.90. The stock has a market cap of $39.95 billion, a P/E ratio of 39.01, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. 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 Dividend Announcement

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

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.