Electronic Arts Inc. $EA Stock Position Increased by M&T Bank Corp

Key Points

• M&T Bank Corp raised its stake in Electronic Arts by 52.0%, buying 14,845 shares to hold 43,411 shares worth about $8.87 million, and institutional investors now own 90.23% of EA.
• Analysts have a consensus rating of Hold with an average target price of $188.30; out of 23 analysts 3 rate Buy, 19 rate Hold and 1 rates Sell, and Citigroup recently lowered its target to $202 (neutral).
• Insiders sold 27,600 shares valued at approximately $5.54 million over the last 90 days, while EA trades with a market cap of $50.72 billion, a PE ratio of 76.19, and pays a quarterly dividend of $0.19 (about a 0.4% yield).

M&T Bank Corp lifted its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 52.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,411 shares of the game software company's stock after buying an additional 14,845 shares during the period. M&T Bank Corp's holdings in Electronic Arts were worth $8,870,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EA. Brighton Jones LLC raised its stake in shares of Electronic Arts by 9.4% in the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock worth $500,000 after buying an additional 294 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Electronic Arts by 167.0% in the 1st quarter. Empowered Funds LLC now owns 19,306 shares of the game software company's stock worth $2,790,000 after buying an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Electronic Arts by 150.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company's stock worth $46,000 after buying an additional 190 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Electronic Arts in the 2nd quarter worth $2,323,000. Finally, NewEdge Advisors LLC raised its stake in shares of Electronic Arts by 96.4% in the 2nd quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company's stock worth $490,000 after buying an additional 1,505 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup dropped their price objective on Electronic Arts from $207.00 to $202.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 4th. UBS Group reissued a "neutral" rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Electronic Arts presently has a consensus rating of "Hold" and an average target price of $188.30.

Electronic Arts Stock Up 0.1%

Shares of Electronic Arts stock opened at $202.67 on Friday. The stock's fifty day moving average is $201.64 and its 200-day moving average is $202.10. The firm has a market capitalization of $50.72 billion, a PE ratio of 76.19, a price-to-earnings-growth ratio of 2.18 and a beta of 0.73. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 12-month low of $141.19 and a 12-month high of $204.88.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts's payout ratio is 28.57%.

Insider Buying and Selling

In other news, CFO Stuart Canfield sold 1,500 shares of the business's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total transaction of $299,850.00. Following the sale, the chief financial officer directly owned 5,897 shares of the company's stock, valued at $1,178,810.30. The trade was a 20.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the business's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $203.25, for a total value of $243,900.00. Following the sale, the insider directly owned 28,760 shares in the company, valued at $5,845,470. This trade represents a 4.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 27,600 shares of company stock valued at $5,544,159 over the last ninety days. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Profile

Electronic Arts Inc NASDAQ: EA is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA's product lineup spans several well-known franchises and genres.

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