7,518 Shares in Electronic Arts Inc. (NASDAQ:EA) Purchased by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. purchased a new position in Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,518 shares of the game software company’s stock, valued at approximately $1,047,000.

A number of other institutional investors also recently bought and sold shares of the business. North Star Investment Management Corp. increased its stake in shares of Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after acquiring an additional 150 shares during the period. Cape Investment Advisory Inc. boosted its holdings in Electronic Arts by 102.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after purchasing an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new stake in Electronic Arts in the first quarter valued at $27,000. Opal Wealth Advisors LLC acquired a new stake in Electronic Arts during the 2nd quarter worth about $28,000. Finally, YHB Investment Advisors Inc. purchased a new position in shares of Electronic Arts during the 1st quarter valued at about $30,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $139.55 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $153.51. The firm has a market capitalization of $37.08 billion, a PE ratio of 29.82, a P/E/G ratio of 1.97 and a beta of 0.79. The business’s 50 day moving average price is $146.15 and its 200-day moving average price is $137.72.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. As a group, equities research analysts expect that Electronic Arts Inc. will post 5.89 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.54%. Electronic Arts’s dividend payout ratio is presently 16.24%.

Analyst Ratings Changes

A number of brokerages have recently commented on EA. StockNews.com upgraded Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Jefferies Financial Group initiated coverage on Electronic Arts in a research report on Thursday, July 11th. They issued a “buy” rating and a $165.00 price objective on the stock. TD Cowen lifted their target price on shares of Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird reiterated an “outperform” rating and issued a $170.00 target price on shares of Electronic Arts in a research note on Thursday. Finally, Bank of America raised their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus price target of $161.94.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.71, for a total value of $111,768.00. Following the completion of the sale, the insider now owns 38,574 shares of the company’s stock, valued at $5,389,173.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the sale, the insider now directly owns 38,574 shares in the company, valued at $5,389,173.54. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total transaction of $350,650.00. Following the completion of the transaction, the chief executive officer now owns 61,747 shares in the company, valued at $8,660,634.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,570 shares of company stock valued at $4,183,508. Corporate insiders own 0.22% of the company’s stock.

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.