590 Shares in Electronic Arts Inc. (NASDAQ:EA) Acquired by Belpointe Asset Management LLC

Belpointe Asset Management LLC purchased a new position in Electronic Arts Inc. (NASDAQ:EA – Get Rating) during the fourth quarter, HoldingsChannel reports. The fund purchased 590 shares of the game software company’s stock, valued at approximately $72,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake 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 buying an additional 149,746 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in Electronic Arts by 1.4% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 2,422,088 shares of the game software company’s stock valued at $280,260,000 after buying an additional 34,163 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Electronic Arts by 5.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,354,276 shares of the game software company’s stock worth $272,413,000 after purchasing an additional 124,041 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Electronic Arts by 272.6% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 1,609,257 shares of the game software company’s stock worth $186,208,000 after purchasing an additional 1,177,415 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Electronic Arts by 7.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,581,951 shares of the game software company’s stock worth $193,283,000 after purchasing an additional 104,354 shares during the period. Institutional investors and hedge funds own 89.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EA. BMO Capital Markets lowered Electronic Arts from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $150.00 to $125.00 in a research note on Thursday, April 27th. Morgan Stanley reduced their price target on Electronic Arts from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 1st. Barclays increased their price target on Electronic Arts from $124.00 to $130.00 in a research note on Wednesday, May 10th. Deutsche Bank Aktiengesellschaft increased their target price on Electronic Arts from $125.00 to $135.00 in a research report on Tuesday, May 16th. Finally, Citigroup increased their target price on Electronic Arts from $131.00 to $145.00 in a research report on Thursday, May 11th. Twelve investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.63.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 5,840 shares of Electronic Arts stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $120.00, for a total value of $700,800.00. Following the completion of the transaction, the chief executive officer now owns 74,434 shares in the company, valued at approximately $8,932,080. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Andrew Wilson sold 5,840 shares of the firm’s stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $120.00, for a total value of $700,800.00. Following the sale, the chief executive officer now owns 74,434 shares of the company’s stock, valued at approximately $8,932,080. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $120.14, for a total value of $96,112.00. Following the completion of the sale, the insider now directly owns 23,755 shares in the company, valued at approximately $2,853,925.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,440 shares of company stock worth $3,297,766. 0.37% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $125.66 on Monday. Electronic Arts Inc. has a fifty-two week low of $108.53 and a fifty-two week high of $142.79. The business has a 50 day moving average price of $123.02 and a two-hundred day moving average price of $122.38. The company has a quick ratio of 1.23, a current ratio of 1.21 and a debt-to-equity ratio of 0.26. The firm has a market cap of $34.46 billion, a PE ratio of 43.78, a price-to-earnings-growth ratio of 5.59 and a beta of 0.87.

Electronic Arts (NASDAQ:EA – Get Rating) last issued its quarterly earnings data on Tuesday, May 9th. The game software company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($1.35). Electronic Arts had a net margin of 10.80% and a return on equity of 16.42%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business earned $0.82 EPS. Electronic Arts’s revenue for the quarter was up 11.1% compared to the same quarter last year. Sell-side analysts expect that Electronic Arts Inc. will post 4.99 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, May 31st will be given a $0.19 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $0.76 annualized dividend and a dividend yield of 0.60%. Electronic Arts’s payout ratio is 26.48%.

Electronic Arts Profile

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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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.