Nebula Research & Development LLC Buys Shares of 14,852 Electronic Arts Inc. $EA

Nebula Research & Development LLC bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,852 shares of the game software company’s stock, valued at approximately $2,372,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EA. Frontier Capital Management Co. LLC boosted its holdings in Electronic Arts by 8.0% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,206 shares of the game software company’s stock valued at $352,000 after acquiring an additional 164 shares during the period. NewEdge Advisors LLC lifted its position in shares of Electronic Arts by 96.4% during the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock worth $490,000 after purchasing an additional 1,505 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of Electronic Arts during the second quarter valued at $308,000. Investment Management Corp of Ontario boosted its stake in shares of Electronic Arts by 393.6% during the second quarter. Investment Management Corp of Ontario now owns 54,167 shares of the game software company’s stock valued at $8,650,000 after purchasing an additional 43,193 shares during the period. Finally, AXA S.A. grew its holdings in shares of Electronic Arts by 18.6% in the second quarter. AXA S.A. now owns 253,240 shares of the game software company’s stock worth $40,442,000 after purchasing an additional 39,701 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $201.05, for a total transaction of $1,005,250.00. Following the completion of the transaction, the chief executive officer owned 48,858 shares in the company, valued at $9,822,900.90. The trade was a 9.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stuart Canfield sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the completion of the sale, the chief financial officer owned 5,140 shares of the company’s stock, valued at approximately $1,045,476. This trade represents a 55.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 134,869 shares of company stock worth $26,878,477 in the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EA shares. Oppenheimer downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 30th. Jefferies Financial Group lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and raised their target price for the stock from $200.00 to $210.00 in a research report on Tuesday, September 30th. Wedbush reaffirmed a “neutral” rating and set a $200.00 price target on shares of Electronic Arts in a research note on Monday, September 29th. Robert W. Baird reiterated a “neutral” rating and issued a $210.00 price target (up previously from $170.00) on shares of Electronic Arts in a report on Monday, September 29th. Finally, Hsbc Global Res cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Four analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $181.21.

Electronic Arts Price Performance

NASDAQ EA opened at $203.66 on Friday. The company has a market cap of $50.94 billion, a PE ratio of 59.55, a P/E/G ratio of 2.44 and a beta of 0.76. The firm’s 50 day moving average price is $201.26 and its 200-day moving average price is $175.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $204.64.

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

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio (DPR) is currently 22.22%.

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.