Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Intrust Bank NA

Intrust Bank NA lifted its position in Electronic Arts Inc. (NASDAQ:EA – Get Rating) by 23.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,140 shares of the game software company’s stock after acquiring an additional 599 shares during the period. Intrust Bank NA’s holdings in Electronic Arts were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in EA. Cetera Advisor Networks LLC boosted its stake in shares of Electronic Arts by 11.7% in the first quarter. Cetera Advisor Networks LLC now owns 3,466 shares of the game software company’s stock worth $439,000 after acquiring an additional 363 shares during the last quarter. Raymond James Trust N.A. lifted its position in Electronic Arts by 8.4% during the first quarter. Raymond James Trust N.A. now owns 4,459 shares of the game software company’s stock worth $564,000 after buying an additional 347 shares in the last quarter. Cibc World Market Inc. lifted its position in Electronic Arts by 3.8% during the first quarter. Cibc World Market Inc. now owns 14,997 shares of the game software company’s stock worth $1,897,000 after buying an additional 548 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Electronic Arts by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 866,675 shares of the game software company’s stock worth $109,653,000 after buying an additional 13,934 shares in the last quarter. Finally, Prudential PLC lifted its position in Electronic Arts by 208.9% during the first quarter. Prudential PLC now owns 14,112 shares of the game software company’s stock worth $1,785,000 after buying an additional 9,544 shares in the last quarter. 89.46% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

EA opened at $125.40 on Friday. Electronic Arts Inc. has a 12 month low of $108.53 and a 12 month high of $142.79. The stock has a market capitalization of $34.39 billion, a price-to-earnings ratio of 43.69, a PEG ratio of 5.55 and a beta of 0.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.21 and a quick ratio of 1.23. The business has a fifty day moving average price of $124.12 and a 200 day moving average price of $122.38.

Electronic Arts (NASDAQ:EA – Get Rating) last released its quarterly earnings data on Tuesday, May 9th. The game software company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($1.35). The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.73 billion. Electronic Arts had a return on equity of 16.42% and a net margin of 10.80%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 earnings per share. Sell-side analysts expect that Electronic Arts Inc. will post 4.99 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, May 30th. This represents a $0.76 annualized dividend and a dividend yield of 0.61%. Electronic Arts’s dividend payout ratio is currently 26.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EA shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Electronic Arts from $125.00 to $135.00 in a research report on Tuesday, May 16th. Cowen reduced their target price on Electronic Arts from $158.00 to $136.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 1st. Truist Financial lifted their target price on Electronic Arts from $130.00 to $138.00 in a research report on Monday, May 8th. Benchmark lifted their target price on Electronic Arts from $144.00 to $150.00 in a research report on Wednesday. Finally, Robert W. Baird lifted their target price on Electronic Arts from $125.00 to $145.00 in a research report on Wednesday, May 10th. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average target price of $136.88.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $120.14, for a total value of $96,112.00. Following the completion of the sale, the insider now directly owns 23,755 shares of the company’s stock, valued at approximately $2,853,925.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $120.14, for a total value of $96,112.00. Following the completion of the sale, the insider now directly owns 23,755 shares of the company’s stock, valued at approximately $2,853,925.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,840 shares of the business’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $120.00, for a total value of $700,800.00. Following the completion of the sale, the chief executive officer now directly owns 74,434 shares of the company’s stock, valued at $8,932,080. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,339 shares of company stock valued at $3,661,909. 0.37% of the stock is currently owned by corporate insiders.

About Electronic Arts

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Electronic Arts, Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.