Assetmark Inc. Has $2.32 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Assetmark Inc. increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,875 shares of the game software company’s stock after purchasing an additional 766 shares during the quarter. Assetmark Inc.’s holdings in Electronic Arts were worth $2,323,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Atria Investments Inc increased its position in Electronic Arts by 86.5% in the 3rd quarter. Atria Investments Inc now owns 12,362 shares of the game software company’s stock valued at $1,773,000 after acquiring an additional 5,733 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Electronic Arts by 16.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 120,244 shares of the game software company’s stock valued at $17,248,000 after acquiring an additional 16,845 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Electronic Arts in the 3rd quarter valued at about $40,154,000. Ashton Thomas Securities LLC acquired a new stake in Electronic Arts in the 3rd quarter valued at about $25,000. Finally, Chartwell Investment Partners LLC increased its position in Electronic Arts by 20.1% in the 3rd quarter. Chartwell Investment Partners LLC now owns 54,953 shares of the game software company’s stock valued at $7,882,000 after acquiring an additional 9,209 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA opened at $140.04 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The firm’s 50 day moving average price is $133.66 and its two-hundred day moving average price is $145.21. The firm has a market cap of $36.50 billion, a P/E ratio of 35.63, a PEG ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results 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, analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s payout ratio is currently 19.34%.

Insider Buying and Selling at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $156.27, for a total value of $234,405.00. Following the sale, the executive vice president now directly owns 24,886 shares in the company, valued at $3,888,935.22. This trade represents a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the completion of the sale, the insider now owns 29,216 shares in the company, valued at $4,311,405.12. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,500 shares of company stock valued at $3,428,645. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Roth Mkm lowered their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Robert W. Baird reduced their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Ascendiant Capital Markets raised their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Wedbush reaffirmed an “outperform” rating and issued a $173.00 target price on shares of Electronic Arts in a research note on Thursday, January 23rd. Finally, BMO Capital Markets reduced their target price on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $154.78.

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.