Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 63.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,923 shares of the game software company’s stock after buying an additional 7,753 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Electronic Arts were worth $2,918,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EA. OneDigital Investment Advisors LLC raised its stake in Electronic Arts by 28.6% in the third quarter. OneDigital Investment Advisors LLC now owns 5,403 shares of the game software company’s stock valued at $775,000 after buying an additional 1,200 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Electronic Arts by 4.9% during the third quarter. Thrivent Financial for Lutherans now owns 62,486 shares of the game software company’s stock worth $8,963,000 after purchasing an additional 2,898 shares in the last quarter. Pathstone Holdings LLC increased its position in shares of Electronic Arts by 3.6% during the third quarter. Pathstone Holdings LLC now owns 23,622 shares of the game software company’s stock worth $3,388,000 after purchasing an additional 821 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Electronic Arts by 3.9% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,754 shares of the game software company’s stock worth $682,000 after purchasing an additional 180 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Electronic Arts during the third quarter worth about $2,362,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $141.97 on Thursday. The business’s 50 day simple moving average is $132.71 and its 200-day simple moving average is $144.71. The firm has a market capitalization of $37.00 billion, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. 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 Inc. has a 12 month low of $115.21 and a 12 month high of $168.50.

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

Electronic Arts Dividend Announcement

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

Wall Street Analyst Weigh In

EA has been the topic of a number of research analyst reports. Robert W. Baird cut their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Wedbush reiterated an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Ascendiant Capital Markets raised their price target on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, BMO Capital Markets lowered their price target on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Electronic Arts has an average rating of “Hold” and a consensus target price of $154.78.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 47,615 shares in the company, valued at $7,047,020. The trade was a 9.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $148.18, for a total value of $148,180.00. Following the transaction, the chief financial officer now owns 8,750 shares of the company’s stock, valued at $1,296,575. This represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock valued at $3,194,240 in the last quarter. 0.22% of the stock is currently owned by corporate insiders.

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.