Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Walter Public Investments Inc.

Walter Public Investments Inc. raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 115,184 shares of the game software company’s stock after acquiring an additional 676 shares during the period. Electronic Arts accounts for about 3.0% of Walter Public Investments Inc.’s holdings, making the stock its 17th biggest position. Walter Public Investments Inc.’s holdings in Electronic Arts were worth $16,851,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Electronic Arts in the 3rd quarter valued at $25,000. Pinnacle Bancorp Inc. raised its holdings in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after acquiring an additional 117 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Electronic Arts during the 4th quarter worth $32,000. Reston Wealth Management LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter worth $36,000. Finally, Larson Financial Group LLC increased its holdings in shares of Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after buying an additional 70 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EA. JPMorgan Chase & Co. dropped their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Benchmark dropped their price objective on Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Wedbush restated an “outperform” rating and set a $173.00 price objective on shares of Electronic Arts in a report on Thursday, January 23rd. Citigroup dropped their price objective on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Robert W. Baird dropped their price objective on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $154.55.

Insider Activity

In other news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated 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 owns 47,514 shares in the company, valued at approximately $6,216,256.62. This represents a 5.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the sale, the insider now owns 30,216 shares in the company, valued at approximately $4,969,021.20. This trade represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,500 shares of company stock worth $3,593,095. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Performance

NASDAQ:EA opened at $131.19 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a 50-day moving average of $135.80 and a two-hundred day moving average of $145.95. The stock has a market cap of $34.19 billion, a P/E ratio of 33.38, a PEG ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, research analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. Electronic Arts’s dividend payout ratio (DPR) is presently 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.