FORA Capital LLC Buys Shares of 35,562 Electronic Arts Inc. (NASDAQ:EA)

FORA Capital LLC bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 35,562 shares of the game software company's stock, valued at approximately $5,203,000.

Several other hedge funds also recently modified their holdings of the business. Capital International Investors grew its position in shares of 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 buying an additional 605,796 shares during the period. Geode Capital Management LLC increased its stake in Electronic Arts by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock valued at $978,650,000 after purchasing an additional 30,929 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Electronic Arts by 6.5% in 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 purchasing an additional 270,991 shares during the period. Northern Trust Corp boosted its position in shares of Electronic Arts by 12.4% during the fourth quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company's stock worth $476,540,000 after purchasing an additional 360,563 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Electronic Arts by 3.9% in the 4th quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock valued at $472,362,000 after buying an additional 120,632 shares during the period. Institutional investors own 90.23% of the company's stock.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the company'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 sale, the chief executive officer now owns 37,615 shares of the company's stock, valued at approximately $4,895,216.10. This represents a 11.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the sale, the chief financial officer now owns 9,516 shares in the company, valued at $1,238,126.76. This represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock worth $3,118,120 over the last three months. Insiders own 0.22% of the company's stock.

Electronic Arts Stock Performance

EA stock traded down $2.36 during midday trading on Friday, reaching $153.30. 2,921,660 shares of the company were exchanged, compared to its average volume of 2,703,526. The firm has a market capitalization of $39.95 billion, a price-to-earnings ratio of 39.01, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The business has a 50-day moving average price of $143.36 and a two-hundred day moving average price of $144.90. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have issued reports on EA. Ascendiant Capital Markets boosted 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. Moffett Nathanson reissued a "neutral" rating and set a $163.00 target price on shares of Electronic Arts in a research note on Wednesday. Roth Capital restated a "neutral" rating on shares of Electronic Arts in a report on Wednesday. Roth Mkm reduced 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. Finally, Hsbc Global Res upgraded shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a 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 stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $161.83.

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.