MML Investors Services LLC increased its position in Electronic Arts Inc. (NASDAQ:EA – Get Rating) by 19.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,968 shares of the game software company’s stock after buying an additional 1,448 shares during the period. MML Investors Services LLC’s holdings in Electronic Arts were worth $1,038,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Public Investment Fund boosted its stake in Electronic Arts by 12.7% during the 2nd quarter. Public Investment Fund now owns 16,011,844 shares of the game software company’s stock valued at $1,947,841,000 after acquiring an additional 1,801,844 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Electronic Arts by 159.7% during the second quarter. Renaissance Technologies LLC now owns 1,501,264 shares of the game software company’s stock worth $182,629,000 after purchasing an additional 923,200 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Electronic Arts by 3.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,493,753 shares of the game software company’s stock worth $1,398,216,000 after acquiring an additional 415,212 shares during the period. Pictet Asset Management SA increased its holdings in shares of Electronic Arts by 35.1% in the 3rd quarter. Pictet Asset Management SA now owns 1,171,991 shares of the game software company’s stock worth $134,975,000 after acquiring an additional 304,200 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Electronic Arts by 436.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 356,146 shares of the game software company’s stock worth $41,210,000 after acquiring an additional 289,721 shares during the period. Institutional investors and hedge funds own 89.46% of the company’s stock.
Analysts Set New Price Targets
EA has been the topic of several research analyst reports. Raymond James lowered their target price on shares of Electronic Arts from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 1st. Ascendiant Capital Markets reduced their price objective on shares of Electronic Arts from $156.00 to $152.00 and set a “buy” rating for the company in a research report on Monday, December 19th. Citigroup decreased their target price on shares of Electronic Arts from $147.00 to $131.00 and set a “buy” rating for the company in a report on Thursday, February 9th. Deutsche Bank Aktiengesellschaft cut shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Thursday, February 16th. Finally, Roth Capital decreased their price target on shares of Electronic Arts from $131.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, February 1st. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and an average price target of $135.54.
Insider Activity
Electronic Arts Stock Up 0.8 %
EA opened at $113.15 on Friday. Electronic Arts Inc. has a fifty-two week low of $109.24 and a fifty-two week high of $142.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.23 and a quick ratio of 1.23. The firm’s fifty day moving average price is $119.15 and its two-hundred day moving average price is $123.35. The company has a market capitalization of $31.24 billion, a P/E ratio of 30.50, a P/E/G ratio of 8.23 and a beta of 0.86.
Electronic Arts (NASDAQ:EA – Get Rating) last issued its earnings results on Tuesday, January 31st. The game software company reported $0.73 EPS for the quarter, missing the consensus estimate of $2.62 by ($1.89). Electronic Arts had a net margin of 14.08% and a return on equity of 14.38%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the firm posted $2.80 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, analysts anticipate that Electronic Arts Inc. will post 4.44 EPS for the current year.
Electronic Arts Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Wednesday, March 1st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.67%. Electronic Arts’s dividend payout ratio is presently 20.49%.
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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.
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