Cwm LLC Buys 934 Shares of Electronic Arts Inc. (NASDAQ:EA)

Cwm LLC lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 21.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,352 shares of the game software company’s stock after acquiring an additional 934 shares during the period. Cwm LLC’s holdings in Electronic Arts were worth $710,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted 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 valued at $3,086,621,000 after buying an additional 3,600,388 shares during the period. Capital International Investors lifted its stake in Electronic Arts by 8.3% during the fourth quarter. Capital International Investors now owns 5,067,765 shares of the game software company’s stock worth $693,318,000 after purchasing an additional 386,630 shares during the last quarter. FIL Ltd lifted its stake in Electronic Arts by 4.4% during the fourth quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock worth $469,011,000 after purchasing an additional 145,466 shares during the last quarter. 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. Finally, Northern Trust Corp lifted its stake in Electronic Arts by 1.9% during the third quarter. Northern Trust Corp now owns 3,171,252 shares of the game software company’s stock worth $381,819,000 after purchasing an additional 60,359 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Electronic Arts stock opened at $137.85 on Friday. The stock’s 50 day simple moving average is $130.94 and its two-hundred day simple moving average is $134.81. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market cap of $36.63 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 2.20 and a beta of 0.80. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.17). The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. As a group, analysts expect that Electronic Arts Inc. will post 5.7 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.55%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Robert W. Baird dropped their price target on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price target on shares of Electronic Arts in a research note on Tuesday, April 23rd. Wedbush reaffirmed an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, May 8th. Finally, StockNews.com downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Tuesday. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $132.82, for a total transaction of $106,256.00. Following the completion of the sale, the insider now directly owns 27,083 shares in the company, valued at approximately $3,597,164.06. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $130.66, for a total value of $326,650.00. Following the completion of the sale, the chief executive officer now directly owns 25,930 shares in the company, valued at approximately $3,388,013.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $132.82, for a total value of $106,256.00. Following the completion of the sale, the insider now owns 27,083 shares of the company’s stock, valued at $3,597,164.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,539 shares of company stock valued at $3,089,969. 0.20% of the stock is owned by corporate insiders.

Electronic Arts Company 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.