DekaBank Deutsche Girozentrale Acquires 116,650 Shares of Electronic Arts Inc. (NASDAQ:EA)

DekaBank Deutsche Girozentrale boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 14.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 918,935 shares of the game software company’s stock after acquiring an additional 116,650 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.34% of Electronic Arts worth $120,247,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EA. North Star Investment Management Corp. boosted its stake in shares of Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. Cape Investment Advisory Inc. boosted its stake in shares of Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after purchasing an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the 1st quarter valued at $27,000. Larson Financial Group LLC acquired a new position in shares of Electronic Arts during the 4th quarter valued at $30,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Electronic Arts during the 1st quarter valued at $30,000. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Up 0.3 %

NASDAQ EA traded up $0.43 during trading on Friday, hitting $148.83. The company’s stock had a trading volume of 1,823,429 shares, compared to its average volume of 2,638,668. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.37. The company has a market cap of $39.55 billion, a PE ratio of 31.80, a P/E/G ratio of 2.28 and a beta of 0.79. The business’s 50 day simple moving average is $140.16 and its 200-day simple moving average is $135.98. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $153.51.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.78 billion. On average, equities analysts anticipate that Electronic Arts Inc. will post 5.76 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.51%. The ex-dividend date is Wednesday, August 28th. Electronic Arts’s payout ratio is currently 16.24%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EA shares. Bank of America upped their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Morgan Stanley increased their price target on shares of Electronic Arts from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Raymond James increased their price target on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Stifel Nicolaus increased their price target on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $160.16.

Insider Buying and Selling at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $127.15, for a total transaction of $127,150.00. Following the transaction, the executive vice president now owns 17,426 shares of the company’s stock, valued at approximately $2,215,715.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Electronic Arts news, EVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $127.15, for a total transaction of $127,150.00. Following the sale, the executive vice president now owns 17,426 shares in the company, valued at approximately $2,215,715.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Eric Charles Kelly sold 3,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $133.75, for a total value of $401,250.00. Following the completion of the transaction, the chief accounting officer now owns 7,458 shares in the company, valued at approximately $997,507.50. The disclosure for this sale can be found here. Insiders sold a total of 23,239 shares of company stock worth $3,197,469 in the last three months. 0.22% of the stock is owned by corporate insiders.

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.