Keybank National Association OH Buys 560 Shares of Electronic Arts Inc. (NASDAQ:EA)

Keybank National Association OH increased its position in shares of Electronic Arts Inc. (NASDAQ:EAFree Report) by 20.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,269 shares of the game software company’s stock after acquiring an additional 560 shares during the quarter. Keybank National Association OH’s holdings in Electronic Arts were worth $394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Qsemble Capital Management LP lifted its stake in Electronic Arts by 564.7% in the third quarter. Qsemble Capital Management LP now owns 11,300 shares of the game software company’s stock valued at $1,361,000 after buying an additional 9,600 shares in the last quarter. Chartwell Investment Partners LLC acquired a new stake in shares of Electronic Arts in the third quarter valued at approximately $1,806,000. Clearstead Advisors LLC raised its holdings in shares of Electronic Arts by 31.9% in the third quarter. Clearstead Advisors LLC now owns 657 shares of the game software company’s stock valued at $79,000 after purchasing an additional 159 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of Electronic Arts by 14.7% in the third quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock valued at $1,381,000 after purchasing an additional 1,469 shares during the last quarter. Finally, abrdn plc raised its holdings in shares of Electronic Arts by 7.6% in the third quarter. abrdn plc now owns 445,767 shares of the game software company’s stock valued at $53,670,000 after purchasing an additional 31,503 shares during the last quarter. Institutional investors own 90.42% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $138.01, for a total transaction of $110,408.00. Following the transaction, the insider now owns 30,283 shares in the company, valued at $4,179,356.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction on Friday, December 1st. The stock was sold at an average price of $138.01, for a total value of $110,408.00. Following the completion of the sale, the insider now directly owns 30,283 shares of the company’s stock, valued at $4,179,356.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Monday, November 27th. The shares were sold at an average price of $137.19, for a total value of $342,975.00. Following the completion of the sale, the chief executive officer now directly owns 35,930 shares of the company’s stock, valued at $4,929,236.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,159 shares of company stock worth $3,043,429. 0.20% of the stock is currently owned by insiders.

Electronic Arts Stock Performance

NASDAQ:EA opened at $136.75 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.38. Electronic Arts Inc. has a 1 year low of $108.53 and a 1 year high of $143.47. The stock’s 50 day simple moving average is $137.58 and its two-hundred day simple moving average is $130.11. The company has a market cap of $36.78 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 2.09 and a beta of 0.78.

Electronic Arts (NASDAQ:EAGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.38). The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.29 earnings per share. As a group, equities analysts anticipate that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.56%. The ex-dividend date is Tuesday, February 27th. Electronic Arts’s dividend payout ratio is currently 19.14%.

Analysts Set New Price Targets

EA has been the topic of a number of recent analyst reports. Wolfe Research started coverage on shares of Electronic Arts in a report on Tuesday, December 12th. They set a “peer perform” rating on the stock. TheStreet upgraded shares of Electronic Arts from a “c+” rating to a “b-” rating in a research note on Monday, November 27th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Electronic Arts from $135.00 to $150.00 and gave the company a “hold” rating in a research note on Tuesday, November 21st. Wells Fargo & Company raised their price objective on shares of Electronic Arts from $145.00 to $148.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Finally, StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 1st. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus target price of $146.94.

Read Our Latest Analysis on Electronic Arts

Electronic Arts Profile

(Free Report)

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.

Further Reading

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

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