Addison Capital Co Acquires 256 Shares of Electronic Arts Inc. (NASDAQ:EA)

Addison Capital Co raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 9.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,994 shares of the game software company’s stock after acquiring an additional 256 shares during the quarter. Addison Capital Co’s holdings in Electronic Arts were worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Versor Investments LP purchased a new position in Electronic Arts during the third quarter valued at approximately $250,000. Prime Capital Investment Advisors LLC grew its position in shares of Electronic Arts by 5.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after purchasing an additional 76 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of Electronic Arts by 0.9% in the third quarter. Metis Global Partners LLC now owns 11,408 shares of the game software company’s stock worth $1,636,000 after purchasing an additional 97 shares during the period. OneDigital Investment Advisors LLC raised its position in shares of Electronic Arts by 28.6% in the third quarter. OneDigital Investment Advisors LLC now owns 5,403 shares of the game software company’s stock worth $775,000 after buying an additional 1,200 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Electronic Arts by 4.7% during the third quarter. CIBC Asset Management Inc now owns 80,004 shares of the game software company’s stock valued at $11,476,000 after buying an additional 3,600 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Electronic Arts stock opened at $138.71 on Monday. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The firm has a market cap of $36.15 billion, a P/E ratio of 35.30, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average of $132.85 and a 200-day moving average of $144.85.

Electronic Arts (NASDAQ:EA) last issued 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 return on equity of 17.80% and a net margin of 14.28%. Sell-side analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EA shares. Stifel Nicolaus decreased their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Benchmark lowered their target price on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. StockNews.com lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Wedbush reissued an “outperform” rating and issued a $173.00 price target on shares of Electronic Arts in a report on Thursday, January 23rd. Finally, Ascendiant Capital Markets lifted their price objective on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $154.78.

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total transaction of $650,700.00. Following the completion of the transaction, the chief executive officer now owns 37,615 shares of the company’s stock, valued at $4,895,216.10. This trade represents a 11.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $148.18, for a total value of $148,180.00. Following the transaction, the chief financial officer now owns 8,750 shares of the company’s stock, valued at $1,296,575. The trade was a 10.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,000 shares of company stock worth $3,194,240 in the last quarter. 0.22% of the stock is owned by company 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.