Electronic Arts Inc. (NASDAQ:EA) Stock Position Increased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lifted its position in Electronic Arts Inc. (NASDAQ:EA) by 10.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,365 shares of the game software company’s stock after buying an additional 233 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Electronic Arts were worth $324,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Electronic Arts by 16.3% during the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after purchasing an additional 3,600,388 shares during the period. Invesco Ltd. grew its holdings in shares of Electronic Arts by 7.8% during the third quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock valued at $500,449,000 after buying an additional 301,194 shares in the last quarter. Morgan Stanley grew its holdings in shares of Electronic Arts by 13.0% during the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after buying an additional 389,063 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Electronic Arts by 1.9% during the third quarter. Northern Trust Corp now owns 3,171,252 shares of the game software company’s stock valued at $381,819,000 after buying an additional 60,359 shares in the last quarter. Finally, DNB Asset Management AS grew its holdings in shares of Electronic Arts by 82.3% during the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after buying an additional 1,064,022 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EA. Stifel Nicolaus lifted their price target on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Benchmark reiterated a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a report on Thursday, April 18th. BMO Capital Markets began coverage on Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target on the stock. UBS Group lowered their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Finally, Oppenheimer restated an “outperform” rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Tuesday. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the transaction, the insider now owns 18,426 shares of the company’s stock, valued at approximately $2,362,397.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the transaction, the insider now directly owns 18,426 shares of the company’s stock, valued at approximately $2,362,397.46. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $130.66, for a total value of $326,650.00. Following the completion of the transaction, the chief executive officer now directly owns 25,930 shares of the company’s stock, valued at $3,388,013.80. The disclosure for this sale can be found here. Insiders sold a total of 37,144 shares of company stock valued at $5,143,560 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Electronic Arts Stock Up 0.8 %

Shares of EA traded up $1.00 during trading hours on Wednesday, hitting $128.14. 1,477,215 shares of the company were exchanged, compared to its average volume of 2,016,805. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $34.26 billion, a PE ratio of 32.03, a PEG ratio of 1.76 and a beta of 0.76. The firm’s 50 day moving average is $134.30 and its 200-day moving average is $134.57.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the firm posted $2.29 EPS. Electronic Arts’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts forecast that Electronic Arts Inc. will post 5.36 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. Electronic Arts’s dividend payout ratio is presently 19.14%.

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.