Bank OZK Buys 121 Shares of Electronic Arts Inc. (NASDAQ:EA)

Bank OZK boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,427 shares of the game software company’s stock after purchasing an additional 121 shares during the quarter. Bank OZK’s holdings in Electronic Arts were worth $1,153,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. AE Wealth Management LLC boosted its position in shares of Electronic Arts by 41.4% in the third quarter. AE Wealth Management LLC now owns 3,441 shares of the game software company’s stock valued at $414,000 after acquiring an additional 1,007 shares during the period. IFP Advisors Inc boosted its position in shares of Electronic Arts by 20.6% in the third quarter. IFP Advisors Inc now owns 608 shares of the game software company’s stock valued at $73,000 after acquiring an additional 104 shares during the period. Global Retirement Partners LLC boosted its position in shares of Electronic Arts by 116.4% in the third quarter. Global Retirement Partners LLC now owns 701 shares of the game software company’s stock valued at $85,000 after acquiring an additional 377 shares during the period. Czech National Bank boosted its position in shares of Electronic Arts by 39.7% in the third quarter. Czech National Bank now owns 43,089 shares of the game software company’s stock valued at $5,188,000 after acquiring an additional 12,250 shares during the period. Finally, First Personal Financial Services boosted its position in shares of Electronic Arts by 3.1% in the third quarter. First Personal Financial Services now owns 39,521 shares of the game software company’s stock valued at $4,758,000 after acquiring an additional 1,200 shares during the period. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the sale, the insider now directly owns 28,683 shares in the company, valued at $3,941,904.69. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the transaction, the insider now directly owns 20,258 shares in the company, valued at approximately $2,901,755.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the transaction, the insider now owns 28,683 shares of the company’s stock, valued at $3,941,904.69. The disclosure for this sale can be found here. Insiders sold a total of 37,144 shares of company stock worth $5,114,335 over the last three months. 0.20% of the stock is currently owned by company insiders.

Electronic Arts Price Performance

Shares of NASDAQ:EA traded up $0.59 during midday trading on Friday, reaching $127.90. The company’s stock had a trading volume of 1,220,603 shares, compared to its average volume of 1,679,358. The business’s fifty day simple moving average is $133.38 and its 200-day simple moving average is $134.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market capitalization of $34.19 billion, a P/E ratio of 32.22, a P/E/G ratio of 1.77 and a beta of 0.76. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($1.38). The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. Electronic Arts’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.29 earnings per share. As a group, equities research analysts expect that Electronic Arts Inc. will post 5.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wedbush reissued an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. UBS Group reduced their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Electronic Arts in a research report on Tuesday. BMO Capital Markets initiated coverage on Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $147.00.

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.