Leith Wheeler Investment Counsel Ltd. Raises Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Leith Wheeler Investment Counsel Ltd. grew its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 284,441 shares of the game software company's stock after acquiring an additional 4,071 shares during the period. Electronic Arts accounts for approximately 3.0% of Leith Wheeler Investment Counsel Ltd.'s holdings, making the stock its 4th largest position. Leith Wheeler Investment Counsel Ltd. owned about 0.11% of Electronic Arts worth $41,614,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of EA. Lido Advisors LLC increased its position in Electronic Arts by 5.4% in the 4th quarter. Lido Advisors LLC now owns 4,882 shares of the game software company's stock worth $714,000 after buying an additional 250 shares during the period. Northern Trust Corp lifted 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. The Manufacturers Life Insurance Company increased its position in Electronic Arts by 0.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 155,736 shares of the game software company's stock worth $22,784,000 after purchasing an additional 487 shares during the period. Bellwether Advisors LLC bought a new stake in shares of Electronic Arts during the 4th quarter valued at $808,000. Finally, Quarry LP acquired a new stake in Electronic Arts in the fourth quarter worth $223,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Wall Street Analyst Weigh In

EA has been the subject of several analyst reports. DA Davidson initiated coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 target price for the company. Raymond James lowered Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. Wedbush reiterated an "outperform" rating and issued a $173.00 price objective on shares of Electronic Arts in a report on Thursday, January 23rd. Moffett Nathanson upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Electronic Arts from $125.00 to $135.00 and gave the company a "neutral" rating in a research report on Tuesday, April 22nd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $154.22.

Electronic Arts Stock Up 0.1 %

NASDAQ:EA opened at $146.72 on Tuesday. The company's 50 day moving average is $139.70 and its two-hundred day moving average is $144.51. The company has a market cap of $38.24 billion, a PE ratio of 37.33, a P/E/G ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

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

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the transaction, the chief executive officer now owns 37,615 shares in the company, valued at approximately $4,895,216.10. This represents a 11.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, February 3rd. The shares were 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 owns 28,216 shares of the company's stock, valued at approximately $3,443,198.48. This represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock valued at $3,032,740 in the last ninety days. Insiders own 0.22% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.