Pinnacle Bancorp Inc. Grows Position in Electronic Arts Inc. (NASDAQ:EA)

Pinnacle Bancorp Inc. grew its position in Electronic Arts Inc. (NASDAQ:EA) by 141.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200 shares of the game software company’s stock after purchasing an additional 117 shares during the period. Pinnacle Bancorp Inc.’s holdings in Electronic Arts were worth $29,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in Electronic Arts by 8.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 282,178 shares of the game software company’s stock worth $39,316,000 after purchasing an additional 20,792 shares during the period. Mutual of America Capital Management LLC lifted its stake in shares of Electronic Arts by 4.6% during the second quarter. Mutual of America Capital Management LLC now owns 42,256 shares of the game software company’s stock worth $5,888,000 after purchasing an additional 1,839 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Electronic Arts by 13.9% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,264 shares of the game software company’s stock worth $873,000 after buying an additional 765 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Electronic Arts by 8.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,079 shares of the game software company’s stock valued at $3,446,000 after buying an additional 2,049 shares in the last quarter. Finally, XTX Topco Ltd raised its holdings in shares of Electronic Arts by 104.5% during the 2nd quarter. XTX Topco Ltd now owns 11,695 shares of the game software company’s stock valued at $1,629,000 after buying an additional 5,975 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EA shares. Stifel Nicolaus restated a “hold” rating and issued a $167.00 price target on shares of Electronic Arts in a report on Wednesday, December 18th. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. BMO Capital Markets reaffirmed an “outperform” rating and set a $160.00 price target (up previously from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. UBS Group upped their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Stock Up 0.4 %

EA stock opened at $142.00 on Friday. The firm has a market cap of $37.24 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 1.84 and a beta of 0.80. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50. The firm has a fifty day moving average price of $155.38 and a two-hundred day moving average price of $149.04. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

Insiders Place Their Bets

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the sale, the executive vice president now directly owns 23,386 shares in the company, valued at approximately $3,354,721.70. This trade represents a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 29,216 shares of the company’s stock, valued at approximately $4,311,405.12. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,500 shares of company stock valued at $3,637,660 over the last quarter. Insiders own 0.22% of the company’s stock.

About Electronic Arts

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.