Portfolio Design Labs LLC Acquires 3,968 Shares of Electronic Arts Inc. (NASDAQ:EA)

Portfolio Design Labs LLC increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 18.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,065 shares of the game software company’s stock after purchasing an additional 3,968 shares during the period. Portfolio Design Labs LLC’s holdings in Electronic Arts were worth $3,667,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. boosted its stake in Electronic Arts by 51.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after acquiring an additional 373,730 shares in the last quarter. abrdn plc boosted its stake in Electronic Arts by 59.2% in the third quarter. abrdn plc now owns 858,840 shares of the game software company’s stock valued at $123,484,000 after acquiring an additional 319,335 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Electronic Arts by 8,503.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after buying an additional 314,388 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Electronic Arts in the third quarter worth $40,154,000. Finally, Huntington National Bank raised its holdings in shares of Electronic Arts by 983.4% in the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after buying an additional 234,098 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Price Performance

Shares of EA stock opened at $133.35 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.43. The firm’s 50-day moving average is $142.62 and its two-hundred day moving average is $147.26. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a market capitalization of $34.75 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 2.74 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results 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%. Analysts predict that Electronic Arts Inc. will post 4.99 earnings per share for the current year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the sale, the insider now directly owns 30,216 shares of the company’s stock, valued at $4,969,021.20. This represents a 3.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the sale, the insider now directly owns 47,514 shares in the company, valued at approximately $6,216,256.62. The trade was a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,000 shares of company stock valued at $3,889,585. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. StockNews.com cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. UBS Group raised their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Argus raised their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Oppenheimer reduced their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $155.24.

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.