Waterfront Wealth Inc. Has $919,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Waterfront Wealth Inc. raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,721 shares of the game software company’s stock after buying an additional 117 shares during the period. Waterfront Wealth Inc.’s holdings in Electronic Arts were worth $919,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings 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 worth $3,086,621,000 after purchasing an additional 3,600,388 shares during the last quarter. State Street Corp boosted its stake in shares of Electronic Arts by 2.2% in the 1st quarter. State Street Corp now owns 12,912,701 shares of the game software company’s stock worth $1,555,333,000 after buying an additional 272,146 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Electronic Arts by 0.9% in the first quarter. Geode Capital Management LLC now owns 5,808,956 shares of the game software company’s stock valued at $698,212,000 after acquiring an additional 52,736 shares in the last quarter. Invesco Ltd. increased its position in shares of Electronic Arts by 7.8% during the third quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock valued at $500,449,000 after acquiring an additional 301,194 shares during the last quarter. Finally, Morgan Stanley lifted its holdings 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 acquiring an additional 389,063 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.0 %

Shares of EA traded up $0.03 during trading hours on Thursday, reaching $126.34. 105,253 shares of the company traded hands, compared to its average volume of 2,026,308. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The company’s fifty day moving average price is $135.28 and its two-hundred day moving average price is $134.31. The company has a market capitalization of $33.78 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.29 earnings per share. Equities research analysts predict that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.60%. The ex-dividend date was Tuesday, February 27th. Electronic Arts’s dividend payout ratio (DPR) is 19.14%.

Insider Transactions at Electronic Arts

In other news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the transaction, the insider now owns 18,426 shares of the company’s stock, valued at approximately $2,362,397.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.21, for a total transaction of $128,210.00. Following the sale, the insider now directly owns 18,426 shares in the company, valued at approximately $2,362,397.46. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Laura Miele sold 2,000 shares of Electronic Arts stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $132.82, for a total value of $265,640.00. Following the completion of the sale, the chief operating officer now owns 34,772 shares of the company’s stock, valued at $4,618,417.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,144 shares of company stock valued at $5,143,560. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on EA. UBS Group cut their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. BMO Capital Markets began coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price target on the stock. Stifel Nicolaus increased their price objective on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Wedbush reissued an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a research report on Wednesday, January 31st. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

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.