Carnegie Capital Asset Management LLC Grows Holdings in Electronic Arts Inc. (NASDAQ:EA)

Carnegie Capital Asset Management LLC grew its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,464 shares of the game software company’s stock after buying an additional 201 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Electronic Arts were worth $1,295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Electronic Arts by 16.3% during the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after purchasing an additional 3,600,388 shares during the last quarter. State Street Corp lifted its stake in Electronic Arts by 2.2% during the first quarter. State Street Corp now owns 12,912,701 shares of the game software company’s stock worth $1,555,333,000 after purchasing an additional 272,146 shares during the last quarter. Geode Capital Management LLC lifted its stake in Electronic Arts by 0.9% during the first quarter. Geode Capital Management LLC now owns 5,808,956 shares of the game software company’s stock worth $698,212,000 after purchasing an additional 52,736 shares during the last quarter. Invesco Ltd. lifted its stake in Electronic Arts by 7.8% during the third quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock worth $500,449,000 after purchasing an additional 301,194 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Electronic Arts by 13.0% during the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after purchasing an additional 389,063 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wedbush restated an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. BMO Capital Markets initiated coverage on Electronic Arts in a research note on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective on the stock. UBS Group cut their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Finally, Stifel Nicolaus raised their target price on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Insider Buying and Selling

In related news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now directly owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $132.82, for a total value of $106,256.00. Following the transaction, the insider now owns 27,083 shares of the company’s stock, valued at approximately $3,597,164.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the transaction, the insider now directly owns 20,258 shares in the company, valued at approximately $2,901,755.92. The disclosure for this sale can be found here. Insiders have sold a total of 36,144 shares of company stock valued at $5,015,350 over the last three months. Company insiders own 0.20% of the company’s stock.

Electronic Arts Price Performance

Shares of EA opened at $127.05 on Tuesday. The firm has a market capitalization of $33.97 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53. The stock’s fifty day moving average is $135.66 and its 200-day moving average is $134.33.

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

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Tuesday, February 27th. Electronic Arts’s payout ratio is currently 19.14%.

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.