Electronic Arts Inc. (NASDAQ:EA) Stake Boosted by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its holdings in Electronic Arts Inc. (NASDAQ:EA – Get Rating) by 64.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,855 shares of the game software company’s stock after purchasing an additional 31,292 shares during the quarter. First Horizon Advisors Inc.’s holdings in Electronic Arts were worth $9,757,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in Electronic Arts by 272.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,609,257 shares of the game software company’s stock worth $186,208,000 after acquiring an additional 1,177,415 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Electronic Arts by 471.2% in the 1st quarter. Renaissance Technologies LLC now owns 578,064 shares of the game software company’s stock worth $73,131,000 after purchasing an additional 476,864 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Electronic Arts by 209.9% in the 3rd quarter. Marshall Wace LLP now owns 535,842 shares of the game software company’s stock worth $62,005,000 after purchasing an additional 362,954 shares in the last quarter. Pictet Asset Management SA raised its holdings in shares of Electronic Arts by 35.1% in the 3rd quarter. Pictet Asset Management SA now owns 1,171,991 shares of the game software company’s stock worth $134,975,000 after purchasing an additional 304,200 shares in the last quarter. Finally, Jupiter Asset Management Ltd. raised its holdings in shares of Electronic Arts by 219.9% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 412,010 shares of the game software company’s stock worth $47,674,000 after purchasing an additional 283,202 shares in the last quarter. Institutional investors and hedge funds own 89.46% of the company’s stock.

Electronic Arts Trading Up 0.3 %

NASDAQ EA traded up $0.33 during trading on Friday, hitting $125.73. The stock had a trading volume of 370,156 shares, compared to its average volume of 2,357,399. The company has a market capitalization of $34.48 billion, a PE ratio of 43.69, a PEG ratio of 5.55 and a beta of 0.87. The company has a quick ratio of 1.23, a current ratio of 1.21 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average price of $124.12 and a 200 day moving average price of $122.38. Electronic Arts Inc. has a twelve month low of $108.53 and a twelve month high of $142.79.

Electronic Arts (NASDAQ:EA – Get Rating) last released its quarterly earnings results on Tuesday, May 9th. The game software company reported ($0.04) EPS for the quarter, missing the consensus estimate of $1.31 by ($1.35). The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Electronic Arts had a return on equity of 16.42% and a net margin of 10.80%. Electronic Arts’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 EPS. As a group, equities research analysts forecast that Electronic Arts Inc. will post 4.99 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, May 31st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.60%. Electronic Arts’s dividend payout ratio (DPR) is 26.48%.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $120.14, for a total value of $96,112.00. Following the completion of the sale, the insider now owns 23,755 shares in the company, valued at $2,853,925.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Andrew Wilson sold 2,899 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $125.61, for a total transaction of $364,143.39. Following the completion of the transaction, the chief executive officer now directly owns 92,809 shares in the company, valued at approximately $11,657,738.49. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $120.14, for a total value of $96,112.00. Following the transaction, the insider now owns 23,755 shares of the company’s stock, valued at $2,853,925.70. The disclosure for this sale can be found here. Insiders have sold a total of 29,339 shares of company stock worth $3,661,909 in the last three months. 0.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EA has been the topic of several recent research reports. Bank of America lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and cut their price objective for the company from $155.00 to $130.00 in a research report on Wednesday, February 1st. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a report on Friday, May 12th. Wedbush increased their price target on Electronic Arts from $139.00 to $144.00 in a report on Wednesday, May 10th. Cowen lowered their price objective on shares of Electronic Arts from $158.00 to $136.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 1st. Finally, Truist Financial raised their target price on Electronic Arts from $130.00 to $138.00 in a research report on Monday, May 8th. Twelve investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average target price of $136.88.

About Electronic Arts

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Electronic Arts, Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.