Jones Financial Companies Lllp Grows Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Jones Financial Companies Lllp boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 155.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,741 shares of the game software company’s stock after buying an additional 1,670 shares during the quarter. Jones Financial Companies Lllp’s holdings in Electronic Arts were worth $401,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts during the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. raised its stake in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after acquiring an additional 117 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Electronic Arts in the fourth quarter valued at $32,000. Larson Financial Group LLC boosted its stake in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Electronic Arts by 1,458.3% during the fourth quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock worth $55,000 after purchasing an additional 350 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of the sale, the chief executive officer now directly owns 47,615 shares in the company, valued at $7,047,020. This represents a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $156.27, for a total value of $234,405.00. Following the completion of the transaction, the executive vice president now owns 24,886 shares in the company, valued at approximately $3,888,935.22. This trade represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,500 shares of company stock worth $3,428,645. 0.22% of the stock is owned by company insiders.

Electronic Arts Price Performance

EA stock opened at $137.88 on Wednesday. The stock’s 50 day moving average price is $133.37 and its 200 day moving average price is $145.09. The firm has a market cap of $35.93 billion, a P/E ratio of 35.08, a PEG ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, sell-side analysts expect that Electronic Arts Inc. will post 4.71 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 19th. Investors of record on Wednesday, February 26th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.55%. Electronic Arts’s payout ratio is currently 19.34%.

Analyst Ratings Changes

Several research firms have recently weighed in on EA. Ascendiant Capital Markets increased their price objective on Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 3rd. StockNews.com cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. BMO Capital Markets dropped their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Benchmark reduced their target price on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a report on Monday, January 27th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Electronic Arts has an average rating of “Hold” and a consensus price target of $154.78.

About Electronic Arts

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.