Quantinno Capital Management LP Grows Position in Electronic Arts Inc. (NASDAQ:EA)

Quantinno Capital Management LP lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 117.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,986 shares of the game software company's stock after purchasing an additional 30,221 shares during the quarter. Quantinno Capital Management LP's holdings in Electronic Arts were worth $8,191,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EA shares. Hsbc Global Res raised Electronic Arts from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. TD Cowen raised their price target on Electronic Arts from $160.00 to $172.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. BMO Capital Markets dropped their price target on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Roth Capital restated a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, May 7th. Finally, DA Davidson began coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price objective for the company. Fifteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $161.29.

Insider Buying and Selling

In other news, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the transaction, the chief financial officer now directly owns 9,516 shares in the company, valued at approximately $1,238,126.76. This represents a 9.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $149.64, for a total value of $224,460.00. Following the transaction, the executive vice president now owns 17,533 shares in the company, valued at $2,623,638.12. This trade represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,500 shares of company stock valued at $3,342,580. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Price Performance

EA traded down $0.48 during trading on Wednesday, reaching $151.44. 734,283 shares of the company were exchanged, compared to its average volume of 2,724,818. The company's 50-day moving average is $145.08 and its two-hundred day moving average is $145.02. The company has a market cap of $37.98 billion, a price-to-earnings ratio of 38.49, a P/E/G ratio of 3.58 and a beta of 0.74. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. Electronic Arts's dividend payout ratio (DPR) is 17.92%.

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.