Electronic Arts Inc. $EA Shares Acquired by Walter Public Investments Inc.

Walter Public Investments Inc. increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 41.7% in the third quarter, Holdings Channel reports. The firm owned 48,017 shares of the game software company’s stock after buying an additional 14,134 shares during the period. Electronic Arts comprises 1.6% of Walter Public Investments Inc.’s investment portfolio, making the stock its 29th largest holding. Walter Public Investments Inc.’s holdings in Electronic Arts were worth $9,685,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Salomon & Ludwin LLC boosted its stake in Electronic Arts by 70.1% during the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after buying an additional 68 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Electronic Arts by 131.9% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after acquiring an additional 95 shares during the last quarter. MTM Investment Management LLC purchased a new position in shares of Electronic Arts during the 2nd quarter worth approximately $30,000. Frazier Financial Advisors LLC increased its holdings in Electronic Arts by 328.9% in the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after purchasing an additional 148 shares during the last quarter. Finally, NewSquare Capital LLC raised its position in Electronic Arts by 67.5% in the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock valued at $31,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EA. Baird R W cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Cowen lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 1st. TD Cowen cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Oppenheimer cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 30th. Finally, HSBC lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 target price on the stock. in a report on Monday, September 29th. Four analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and an average price target of $181.21.

Electronic Arts Stock Down 0.1%

Shares of NASDAQ:EA opened at $204.20 on Thursday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $204.88. The firm’s 50 day moving average price is $203.13 and its 200 day moving average price is $184.95. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. The stock has a market cap of $51.07 billion, a price-to-earnings ratio of 59.71, a price-to-earnings-growth ratio of 2.41 and a beta of 0.73.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm earned $1.11 EPS. The company’s revenue was down 12.6% on a year-over-year basis. As a group, equities research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, December 3rd. Electronic Arts’s dividend payout ratio is 22.22%.

Insider Buying and Selling

In other news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $510,275.00. Following the sale, the insider owned 53,148 shares of the company’s stock, valued at approximately $10,848,038.28. This trade represents a 4.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff Huber sold 16,788 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $200.72, for a total value of $3,369,687.36. Following the sale, the director owned 1,980 shares of the company’s stock, valued at approximately $397,425.60. The trade was a 89.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 120,069 shares of company stock valued at $24,169,349 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.