Jacobs & Co. CA lowered its position in Electronic Arts Inc. (NASDAQ:EA – Free Report) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,035 shares of the game software company’s stock after selling 1,695 shares during the period. Jacobs & Co. CA’s holdings in Electronic Arts were worth $6,748,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Flagship Harbor Advisors LLC purchased a new position in shares of Electronic Arts during the 2nd quarter valued at about $313,000. Sanders Morris Harris LLC acquired a new stake in Electronic Arts during the second quarter worth about $700,000. Czech National Bank raised its position in Electronic Arts by 0.5% during the second quarter. Czech National Bank now owns 30,839 shares of the game software company’s stock valued at $4,000,000 after acquiring an additional 149 shares in the last quarter. AE Wealth Management LLC acquired a new position in Electronic Arts in the second quarter valued at approximately $316,000. Finally, Appleton Partners Inc. MA boosted its position in Electronic Arts by 1.5% in the 2nd quarter. Appleton Partners Inc. MA now owns 9,244 shares of the game software company’s stock worth $1,199,000 after purchasing an additional 133 shares in the last quarter. 90.42% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $155.00 target price on shares of Electronic Arts in a report on Wednesday, August 2nd. Benchmark decreased their price objective on shares of Electronic Arts from $159.00 to $153.00 and set a “buy” rating for the company in a research report on Wednesday, August 2nd. Oppenheimer restated an “outperform” rating and set a $150.00 target price on shares of Electronic Arts in a research report on Wednesday, August 2nd. Stifel Nicolaus upped their price target on Electronic Arts from $144.00 to $151.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. Finally, StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 11th. Ten investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.43.
Electronic Arts Trading Up 0.5 %
EA opened at $121.10 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.28 and a quick ratio of 1.28. The company’s 50 day simple moving average is $126.67 and its two-hundred day simple moving average is $124.89. The firm has a market capitalization of $32.81 billion, a price-to-earnings ratio of 37.29, a price-to-earnings-growth ratio of 2.63 and a beta of 0.90. Electronic Arts Inc. has a 1-year low of $108.53 and a 1-year high of $140.30.
Electronic Arts (NASDAQ:EA – Get Free Report) last announced its quarterly earnings data on Tuesday, August 1st. The game software company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.14. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.59 billion. Electronic Arts had a return on equity of 19.49% and a net margin of 11.78%. Analysts expect that Electronic Arts Inc. will post 5.11 EPS for the current fiscal year.
Electronic Arts Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 30th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Tuesday, August 29th. Electronic Arts’s payout ratio is currently 23.53%.
Insiders Place Their Bets
In other news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $120.00, for a total transaction of $600,000.00. Following the sale, the chief executive officer now owns 39,203 shares of the company’s stock, valued at approximately $4,704,360. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $120.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief executive officer now directly owns 39,203 shares of the company’s stock, valued at approximately $4,704,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Laura Miele sold 2,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $122.11, for a total transaction of $244,220.00. Following the completion of the transaction, the chief operating officer now directly owns 36,586 shares in the company, valued at approximately $4,467,516.46. The disclosure for this sale can be found here. Insiders have sold 22,604 shares of company stock valued at $2,831,654 over the last ninety days. Company insiders own 0.20% of the company’s stock.
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.