abrdn plc Acquires 87,481 Shares of Electronic Arts Inc. (NASDAQ:EA)

abrdn plc boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 19.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 533,248 shares of the game software company's stock after acquiring an additional 87,481 shares during the quarter. abrdn plc owned 0.20% of Electronic Arts worth $72,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of EA. Bray Capital Advisors raised its position in Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company's stock valued at $26,000 after purchasing an additional 110 shares during the last quarter. Resurgent Financial Advisors LLC bought a new position in Electronic Arts during the 4th quarter valued at approximately $26,000. Leith Wheeler Investment Counsel Ltd. raised its position in shares of Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company's stock worth $29,000 after acquiring an additional 154,989 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Electronic Arts by 81.0% in the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company's stock worth $31,000 after acquiring an additional 102 shares in the last quarter. Finally, Neo Ivy Capital Management raised its position in shares of Electronic Arts by 70.1% in the 2nd quarter. Neo Ivy Capital Management now owns 262 shares of the game software company's stock worth $31,000 after acquiring an additional 108 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Electronic Arts

In other news, insider Jacob J. Schatz sold 1,000 shares of the firm's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.21, for a total value of $128,210.00. Following the transaction, the insider now directly owns 18,426 shares in the company, valued at approximately $2,362,397.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Vijayanthimala Singh sold 800 shares of the firm's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the transaction, the insider now directly owns 28,683 shares of the company's stock, valued at approximately $3,941,904.69. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of the firm's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the transaction, the insider now directly owns 18,426 shares in the company, valued at $2,362,397.46. The disclosure for this sale can be found here. Insiders have sold a total of 37,144 shares of company stock worth $5,143,560 in the last ninety days. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Electronic Arts from $152.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 18th. BMO Capital Markets assumed coverage on Electronic Arts in a research report on Tuesday, January 9th. They issued an "outperform" rating and a $160.00 target price for the company. UBS Group decreased their target price on Electronic Arts from $146.00 to $143.00 and set a "neutral" rating for the company in a research report on Wednesday, March 27th. Benchmark reissued a "buy" rating and issued a $153.00 target price on shares of Electronic Arts in a research report on Thursday. Finally, Wedbush reissued an "outperform" rating and issued a $162.00 target price on shares of Electronic Arts in a research report on Wednesday, January 31st. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $147.00.

Electronic Arts Stock Up 1.3 %

EA traded up $1.64 during trading on Friday, hitting $127.27. 1,869,318 shares of the company's stock traded hands, compared to its average volume of 1,854,472. The company's 50 day simple moving average is $134.75 and its two-hundred day simple moving average is $134.50. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $117.47 and a 12-month high of $144.53. The stock has a market capitalization of $34.03 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 1.77 and a beta of 0.76.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.38). The business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.29 earnings per share. Analysts predict that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were paid a $0.19 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. Electronic Arts's dividend payout ratio (DPR) is currently 19.14%.

About Electronic Arts

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.