Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. raised its position in Electronic Arts Inc. (NASDAQ:EA) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,913 shares of the game software company’s stock after acquiring an additional 419 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Electronic Arts were worth $672,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EA. DHJJ Financial Advisors Ltd. purchased a new stake in Electronic Arts during the 3rd quarter worth $26,000. Bray Capital Advisors increased its position in shares of Electronic Arts by 100.0% during the third quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after acquiring an additional 110 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new position in shares of Electronic Arts in the fourth quarter worth about $26,000. Leith Wheeler Investment Counsel Ltd. lifted its stake in shares of Electronic Arts by 269.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock worth $29,000 after acquiring an additional 154,989 shares in the last quarter. Finally, Neo Ivy Capital Management boosted its holdings in Electronic Arts by 70.1% in the second quarter. Neo Ivy Capital Management now owns 262 shares of the game software company’s stock valued at $31,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity

In related news, COO Laura Miele sold 2,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $135.50, for a total transaction of $271,000.00. Following the completion of the sale, the chief operating officer now directly owns 40,548 shares in the company, valued at $5,494,254. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Jeff Huber sold 11,872 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $141.90, for a total transaction of $1,684,636.80. Following the completion of the sale, the director now owns 79,381 shares in the company, valued at approximately $11,264,163.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Laura Miele sold 2,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $135.50, for a total value of $271,000.00. Following the transaction, the chief operating officer now owns 40,548 shares in the company, valued at approximately $5,494,254. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,144 shares of company stock worth $5,160,804. 0.20% of the stock is owned by corporate insiders.

Electronic Arts Price Performance

EA traded up $0.80 during trading on Thursday, reaching $132.67. The stock had a trading volume of 1,289,612 shares, compared to its average volume of 2,059,667. The stock has a 50 day moving average of $137.56 and a two-hundred day moving average of $133.29. The firm has a market capitalization of $35.47 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 1.94 and a beta of 0.77. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53.

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

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a $0.19 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.57%. Electronic Arts’s payout ratio is currently 19.14%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wolfe Research started coverage on Electronic Arts in a research note on Tuesday, December 12th. They set a “peer perform” rating for the company. BMO Capital Markets started coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective on the stock. Wedbush reissued an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a research report on Wednesday, January 31st. UBS Group reduced their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Stifel Nicolaus boosted their price objective on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and an average price target of $147.00.

Electronic Arts Company 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.