Brooklyn FI LLC Takes Position in Electronic Arts Inc. (NASDAQ:EA)

Brooklyn FI LLC purchased a new position in Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,536 shares of the game software company’s stock, valued at approximately $236,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swedbank AB grew its position in shares of Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after acquiring an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in Electronic Arts in the fourth quarter worth $217,000. Charles Schwab Investment Management Inc. boosted its holdings in Electronic Arts by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after purchasing an additional 36,153 shares during the period. Fisher Funds Management LTD bought a new stake in Electronic Arts during the fourth quarter valued at $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of Electronic Arts in the 4th quarter worth about $13,845,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the transaction, the chief executive officer now directly owns 47,615 shares of the company’s stock, valued at approximately $7,047,020. The trade was a 9.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the sale, the insider now owns 29,216 shares of the company’s stock, valued at $4,311,405.12. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,000 shares of company stock valued at $3,194,240. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Stock Up 0.1 %

NASDAQ EA opened at $141.97 on Thursday. 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 $37.00 billion, a P/E ratio of 36.12, a PEG ratio of 3.58 and a beta of 0.78. The company’s 50 day simple moving average is $132.71 and its 200 day simple moving average is $144.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Equities research analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were given a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EA shares. Bank of America upped their target price on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Moffett Nathanson upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Friday, January 31st. Oppenheimer reduced their price target 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. Ascendiant Capital Markets increased their price objective on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, DA Davidson assumed coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price objective on the stock. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $154.78.

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.