Raymond James & Associates Purchases 15,447 Shares of Electronic Arts Inc. (NASDAQ:EA)

Raymond James & Associates raised its position in shares of Electronic Arts Inc. (NASDAQ:EAGet Rating) by 23.2% during the third quarter, HoldingsChannel.com reports. The fund owned 82,129 shares of the game software company’s stock after buying an additional 15,447 shares during the quarter. Raymond James & Associates’ holdings in Electronic Arts were worth $9,504,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Electronic Arts by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 21,802,596 shares of the game software company’s stock valued at $2,758,246,000 after acquiring an additional 149,746 shares in the last quarter. Public Investment Fund increased its stake in shares of Electronic Arts by 12.7% during the 2nd quarter. Public Investment Fund now owns 16,011,844 shares of the game software company’s stock worth $1,947,841,000 after purchasing an additional 1,801,844 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Electronic Arts by 3.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,493,753 shares of the game software company’s stock valued at $1,398,216,000 after buying an additional 415,212 shares in the last quarter. Capital International Investors grew its stake in Electronic Arts by 2.3% in the 1st quarter. Capital International Investors now owns 5,335,855 shares of the game software company’s stock valued at $675,103,000 after buying an additional 122,171 shares in the last quarter. Finally, Burgundy Asset Management Ltd. boosted its holdings in Electronic Arts by 7.9% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,542,332 shares of the game software company’s stock valued at $187,625,000 after purchasing an additional 112,588 shares during the period. Institutional investors own 89.46% of the company’s stock.

Electronic Arts Price Performance

EA stock opened at $126.42 on Friday. Electronic Arts Inc. has a 12 month low of $109.24 and a 12 month high of $142.79. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $126.22 and a 200 day moving average price of $125.84. The stock has a market cap of $34.90 billion, a PE ratio of 39.38, a P/E/G ratio of 1.97 and a beta of 0.88.

Electronic Arts (NASDAQ:EAGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The game software company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Electronic Arts had a return on equity of 16.42% and a net margin of 12.37%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Equities research analysts anticipate that Electronic Arts Inc. will post 5.53 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 21st. Investors of record on Wednesday, November 30th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.60%. Electronic Arts’s payout ratio is 23.68%.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $126.29, for a total value of $101,032.00. Following the completion of the sale, the insider now owns 25,314 shares in the company, valued at approximately $3,196,905.06. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $126.29, for a total value of $101,032.00. Following the sale, the insider now directly owns 25,314 shares of the company’s stock, valued at approximately $3,196,905.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jacob J. Schatz sold 2,000 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $126.53, for a total transaction of $253,060.00. Following the sale, the insider now directly owns 16,737 shares in the company, valued at $2,117,732.61. The disclosure for this sale can be found here. Insiders sold 35,785 shares of company stock worth $4,550,770 in the last 90 days. 0.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on EA shares. Atlantic Securities cut shares of Electronic Arts from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $140.00 to $130.00 in a research report on Thursday, September 15th. They noted that the move was a valuation call. Truist Financial dropped their price objective on shares of Electronic Arts from $154.00 to $150.00 in a research note on Monday, November 28th. Wedbush dropped their target price on shares of Electronic Arts from $170.00 to $164.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 2nd. Ascendiant Capital Markets lowered their price objective on shares of Electronic Arts from $156.00 to $152.00 and set a “buy” rating on the stock in a research report on Monday, December 19th. Finally, StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Friday, November 11th. Six 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.10.

About Electronic Arts

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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.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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