Electronic Arts Inc. (NASDAQ:EA) Shares Bought by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 15.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,174 shares of the game software company’s stock after purchasing an additional 290 shares during the period. CIBC Private Wealth Group LLC’s holdings in Electronic Arts were worth $313,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EA. Claro Advisors LLC lifted its position in Electronic Arts by 3.4% in the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock worth $334,000 after purchasing an additional 75 shares during the period. Intrust Bank NA lifted its holdings in shares of Electronic Arts by 3.3% in the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock valued at $362,000 after buying an additional 78 shares during the period. Parkside Financial Bank & Trust boosted its stake in Electronic Arts by 11.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock valued at $119,000 after buying an additional 81 shares in the last quarter. Ballentine Partners LLC grew its holdings in Electronic Arts by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock worth $550,000 after acquiring an additional 82 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its position in Electronic Arts by 1.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock worth $708,000 after acquiring an additional 83 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $130.83, for a total transaction of $327,075.00. Following the completion of the transaction, the insider now owns 47,514 shares of the company’s stock, valued at approximately $6,216,256.62. This represents a 5.00 % decrease in their ownership of the stock. The sale 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 stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the sale, the insider now owns 26,216 shares of the company’s stock, valued at approximately $3,801,320. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock valued at $3,015,990 in the last quarter. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

EA has been the topic of a number of research reports. Stifel Nicolaus dropped their target price on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. DA Davidson initiated coverage on Electronic Arts in a research report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price objective for the company. Bank of America lifted their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Roth Mkm reduced their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Finally, BNP Paribas cut Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research note on Monday, January 27th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $155.30.

Electronic Arts Trading Down 6.6 %

Electronic Arts stock opened at $135.34 on Friday. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company’s fifty day moving average price is $134.10 and its two-hundred day moving average price is $144.57. The company has a market capitalization of $35.27 billion, a price-to-earnings ratio of 34.44, a PEG 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 (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share 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%. On average, analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.56%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

About Electronic Arts

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.