Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Evergreen Capital Management LLC

Evergreen Capital Management LLC grew its position in Electronic Arts Inc. (NASDAQ:EA) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,946 shares of the game software company’s stock after acquiring an additional 159 shares during the quarter. Evergreen Capital Management LLC’s holdings in Electronic Arts were worth $3,197,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EA. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Electronic Arts by 82.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock valued at $3,327,000 after acquiring an additional 11,343 shares in the last quarter. FORA Capital LLC increased its position in Electronic Arts by 209.7% during the 1st quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock worth $6,101,000 after purchasing an additional 31,136 shares during the period. Duality Advisers LP purchased a new position in shares of Electronic Arts during the 1st quarter worth approximately $1,711,000. Eaton Financial Holdings Company LLC acquired a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $1,259,000. Finally, Scotia Capital Inc. boosted its stake in shares of Electronic Arts by 99.4% in the fourth quarter. Scotia Capital Inc. now owns 17,338 shares of the game software company’s stock valued at $2,372,000 after buying an additional 8,644 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. 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 for the company. Stifel Nicolaus raised their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley reissued an “equal weight” rating and set a $150.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. UBS Group increased their target price on shares of Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Wedbush boosted their price target on Electronic Arts from $162.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.94.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.71, for a total value of $111,768.00. Following the transaction, the insider now owns 38,574 shares in the company, valued at $5,389,173.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $146.58, for a total value of $219,870.00. Following the completion of the sale, the executive vice president now owns 26,360 shares in the company, valued at $3,863,848.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 800 shares of the business’s 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 transaction, the insider now directly owns 38,574 shares in the company, valued at $5,389,173.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,570 shares of company stock valued at $3,621,343. Company insiders own 0.22% of the company’s stock.

Electronic Arts Trading Up 1.1 %

NASDAQ EA opened at $141.07 on Tuesday. The company has a market cap of $37.49 billion, a P/E ratio of 30.14, a P/E/G ratio of 1.97 and a beta of 0.79. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $153.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. The company has a 50-day moving average of $146.07 and a 200-day moving average of $137.77.

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

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s payout ratio is currently 16.24%.

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.