NEOS Investment Management LLC Increases Holdings in Electronic Arts Inc. (NASDAQ:EA)

NEOS Investment Management LLC boosted its position in Electronic Arts Inc. (NASDAQ:EA) by 22.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,572 shares of the game software company’s stock after buying an additional 5,411 shares during the period. NEOS Investment Management LLC’s holdings in Electronic Arts were worth $4,326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Great Valley Advisor Group Inc. lifted its holdings in shares of Electronic Arts by 7.0% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,715 shares of the game software company’s stock valued at $246,000 after buying an additional 112 shares during the period. Cerity Partners LLC raised its position in Electronic Arts by 46.9% during the third quarter. Cerity Partners LLC now owns 29,177 shares of the game software company’s stock valued at $4,185,000 after acquiring an additional 9,310 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares during the period. Townsquare Capital LLC boosted its position in Electronic Arts by 94.3% in the 3rd quarter. Townsquare Capital LLC now owns 3,891 shares of the game software company’s stock worth $558,000 after purchasing an additional 1,888 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Electronic Arts by 12.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 230,224 shares of the game software company’s stock worth $33,023,000 after purchasing an additional 25,767 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Up 0.1 %

Shares of NASDAQ:EA opened at $145.30 on Friday. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The stock has a market cap of $37.87 billion, a P/E ratio of 36.97, a PEG ratio of 3.58 and a beta of 0.78. The business has a fifty day moving average of $133.00 and a two-hundred day moving average of $144.62. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) 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, research analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s payout ratio is presently 19.34%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the transaction, the insider now owns 29,216 shares of the company’s stock, valued at $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total transaction of $215,175.00. Following the transaction, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at approximately $3,354,721.70. This trade represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,000 shares of company stock worth $3,018,560. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on EA shares. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Friday, January 31st. Stifel Nicolaus lowered their target price on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Roth Mkm cut their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Wedbush reiterated an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a research report on Thursday, January 23rd. Finally, BMO Capital Markets dropped their price objective on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Hold” and an average target price of $155.65.

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.