Mercer Global Advisors Inc. ADV Buys 31,697 Shares of Electronic Arts Inc. (NASDAQ:EA)

Mercer Global Advisors Inc. ADV boosted its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 121.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,775 shares of the game software company's stock after acquiring an additional 31,697 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Electronic Arts were worth $8,452,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. boosted its position in shares of Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after purchasing an additional 117 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts during the 4th quarter valued at $32,000. LGT Financial Advisors LLC purchased a new stake in shares of Electronic Arts in the 4th quarter worth about $33,000. Millstone Evans Group LLC purchased a new stake in shares of Electronic Arts in the 4th quarter worth about $37,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Electronic Arts in the 4th quarter worth about $41,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the sale, the insider now directly owns 47,514 shares in the company, valued at approximately $6,216,256.62. The trade was a 5.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the transaction, the chief executive officer now directly owns 37,615 shares of the company's stock, 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 $3,056,270 over the last 90 days. Company insiders own 0.22% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EA. Bank of America raised their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Ascendiant Capital Markets lifted their price objective on Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. UBS Group increased their target price on Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a research note on Wednesday. StockNews.com lowered Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Finally, Roth Mkm cut their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. Fifteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $161.63.

Electronic Arts Stock Performance

Shares of EA stock traded up $0.96 during trading hours on Wednesday, reaching $155.50. 5,429,816 shares of the company traded hands, compared to its average volume of 2,705,718. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a market cap of $40.53 billion, a P/E ratio of 39.57, a P/E/G ratio of 3.58 and a beta of 0.74. The firm has a 50-day moving average price of $141.87 and a 200 day moving average price of $144.70. 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 (NASDAQ:EA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 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%. As a group, sell-side analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be given a $0.19 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.49%. Electronic Arts's payout ratio is 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.