Bigelow Investment Advisors LLC Raises Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Bigelow Investment Advisors LLC boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,014 shares of the game software company’s stock after purchasing an additional 104 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in Electronic Arts were worth $412,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EA. 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 worth $439,000 after buying an additional 363 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Electronic Arts by 8.4% during 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 purchasing an additional 347 shares in the last quarter. Cibc World Market Inc. boosted its position in shares of Electronic Arts by 3.8% during 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 buying an additional 548 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Electronic Arts by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 866,675 shares of the game software company’s stock worth $109,653,000 after buying an additional 13,934 shares in the last quarter. Finally, Prudential PLC raised its position in Electronic Arts by 208.9% in the 1st quarter. Prudential PLC now owns 14,112 shares of the game software company’s stock worth $1,785,000 after buying an additional 9,544 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

Shares of NASDAQ EA traded up $1.64 during mid-day trading on Friday, hitting $127.27. 1,869,075 shares of the company’s stock traded hands, compared to its average volume of 2,041,254. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The company’s 50-day moving average is $135.02 and its two-hundred day moving average is $134.25. The company has a market capitalization of $34.03 billion, a P/E ratio of 32.07, a PEG ratio of 1.75 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.38). The company had revenue of $2.37 billion for 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 business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.29 EPS. On average, equities analysts anticipate that Electronic Arts Inc. will post 5.36 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.60%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.14%.

Analysts Set New Price Targets

A number of brokerages have weighed in on EA. Stifel Nicolaus boosted their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Wedbush reiterated an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. Benchmark reissued a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a research report on Thursday. UBS Group lowered their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Finally, BMO Capital Markets initiated coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 target price for the company. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $138.88, for a total transaction of $347,200.00. Following the completion of the sale, the chief executive officer now directly owns 30,930 shares in the company, valued at $4,295,558.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the sale, the insider now directly owns 28,683 shares of the company’s stock, valued at approximately $3,941,904.69. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $138.88, for a total value of $347,200.00. Following the transaction, the chief executive officer now directly owns 30,930 shares in the company, valued at approximately $4,295,558.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,144 shares of company stock worth $5,143,560. 0.20% of the stock is currently owned by company insiders.

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.