Electronic Arts Inc. (NASDAQ:EA) Position Boosted by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 13.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,010 shares of the game software company’s stock after purchasing an additional 831 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Electronic Arts were worth $959,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Bray Capital Advisors boosted its holdings in shares of Electronic Arts by 100.0% in the third quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after buying an additional 110 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its holdings in shares of Electronic Arts by 269.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock worth $29,000 after buying an additional 154,989 shares during the period. Larson Financial Group LLC acquired a new position in shares of Electronic Arts in the fourth quarter worth about $30,000. Venturi Wealth Management LLC boosted its holdings in shares of Electronic Arts by 81.0% in the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after buying an additional 102 shares during the period. Finally, CVA Family Office LLC acquired a new position in shares of Electronic Arts in the fourth quarter worth about $38,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Electronic Arts stock traded down $0.83 on Thursday, hitting $127.31. The company’s stock had a trading volume of 1,221,251 shares, compared to its average volume of 2,006,941. The firm has a market cap of $34.04 billion, a P/E ratio of 32.07, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average price of $133.67 and a 200-day moving average price of $134.48. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $2.29 EPS. On average, equities analysts anticipate that Electronic Arts Inc. will post 5.36 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Tuesday, February 27th. Electronic Arts’s payout ratio is 19.14%.

Insider Transactions at Electronic Arts

In other news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the sale, the insider now owns 18,426 shares of the company’s stock, valued at approximately $2,362,397.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $137.43, for a total transaction of $109,944.00. Following the transaction, the insider now owns 28,683 shares in the company, valued at approximately $3,941,904.69. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $128.21, for a total transaction of $128,210.00. Following the transaction, the insider now owns 18,426 shares in the company, valued at approximately $2,362,397.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,644 shares of company stock valued at $4,796,360. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EA shares. Oppenheimer reissued an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a research report on Tuesday. Benchmark reissued a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. Wedbush reissued an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. Stifel Nicolaus increased their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, UBS Group reduced their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

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.