Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by National Bank of Canada FI

Posted by on Apr 3rd, 2023

National Bank of Canada FI lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA – Get Rating) by 218.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 258,231 shares of the game software company’s stock after purchasing an additional 177,149 shares during the quarter. National Bank of Canada FI owned about 0.09% of Electronic Arts worth $31,537,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Cetera Advisor Networks LLC raised its holdings in Electronic Arts by 11.7% in the first quarter. Cetera Advisor Networks LLC now owns 3,466 shares of the game software company’s stock valued at $439,000 after acquiring an additional 363 shares in the last quarter. Raymond James Trust N.A. raised its holdings in Electronic Arts by 8.4% in the first quarter. Raymond James Trust N.A. now owns 4,459 shares of the game software company’s stock valued at $564,000 after acquiring an additional 347 shares in the last quarter. Cibc World Market Inc. raised its holdings in Electronic Arts by 3.8% in the first quarter. Cibc World Market Inc. now owns 14,997 shares of the game software company’s stock valued at $1,897,000 after acquiring an additional 548 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Electronic Arts by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 866,675 shares of the game software company’s stock valued at $109,653,000 after acquiring an additional 13,934 shares in the last quarter. Finally, Prudential PLC increased its stake in Electronic Arts by 208.9% in the first quarter. Prudential PLC now owns 14,112 shares of the game software company’s stock valued at $1,785,000 after purchasing an additional 9,544 shares during the last quarter. Institutional investors and hedge funds own 89.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EA shares. Benchmark dropped their price target on shares of Electronic Arts from $188.00 to $150.00 in a research note on Tuesday, January 17th. Wells Fargo & Company dropped their price target on shares of Electronic Arts from $150.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 1st. BMO Capital Markets lowered their target price on shares of Electronic Arts from $154.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, February 2nd. Bank of America lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $155.00 to $130.00 in a research report on Wednesday, February 1st. Finally, Roth Capital lowered their target price on shares of Electronic Arts from $131.00 to $112.00 and set a “neutral” rating on the stock in a research 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.54.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $123.59, for a total value of $98,872.00. Following the completion of the sale, the insider now owns 26,155 shares in the company, valued at approximately $3,232,496.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $123.59, for a total transaction of $98,872.00. Following the completion of the sale, the insider now owns 26,155 shares in the company, valued at approximately $3,232,496.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Laura Miele sold 1,500 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $123.59, for a total value of $185,385.00. Following the sale, the chief operating officer now owns 31,082 shares of the company’s stock, valued at approximately $3,841,424.38. The disclosure for this sale can be found here. Insiders sold 8,100 shares of company stock worth $1,022,681 in the last 90 days. 0.37% of the stock is owned by company insiders.

Electronic Arts Trading Up 1.1 %

NASDAQ:EA opened at $120.45 on Monday. The company has a market capitalization of $33.25 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 8.88 and a beta of 0.86. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52-week low of $108.53 and a 52-week high of $142.79. The stock has a fifty day simple moving average of $115.47 and a 200-day simple moving average of $121.32.

Electronic Arts (NASDAQ:EA – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The game software company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.89). The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Electronic Arts had a return on equity of 14.38% and a net margin of 14.08%. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.80 EPS. On average, equities research analysts expect that Electronic Arts Inc. will post 4.43 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 1st were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.63%. The ex-dividend date was Tuesday, February 28th. Electronic Arts’s dividend payout ratio (DPR) is 20.49%.

Electronic Arts Profile

(Get Rating)

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.

Featured Articles

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.