46,026 Shares in Electronic Arts Inc. $EA Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,026 shares of the game software company’s stock, valued at approximately $9,283,000.

Several other institutional investors and hedge funds have also modified their holdings of EA. Brighton Jones LLC raised its position in shares of Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after purchasing an additional 294 shares during the period. Empowered Funds LLC grew its position in shares of Electronic Arts by 167.0% in the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock valued at $2,790,000 after purchasing an additional 12,076 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Electronic Arts by 150.8% in the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after purchasing an additional 190 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Electronic Arts by 30.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,369 shares of the game software company’s stock worth $3,320,000 after purchasing an additional 4,972 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Electronic Arts by 10.0% during the 2nd quarter. UMB Bank n.a. now owns 958 shares of the game software company’s stock worth $153,000 after purchasing an additional 87 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on EA shares. Robert W. Baird downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. TD Cowen lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 1st. BMO Capital Markets increased their price target on shares of Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a report on Tuesday, September 30th. UBS Group set a $210.00 price target on shares of Electronic Arts and gave the stock a “neutral” rating in a research report on Tuesday, September 30th. Finally, Morgan Stanley upped their price objective on shares of Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Four research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $184.36.

Electronic Arts Stock Performance

NASDAQ:EA opened at $204.15 on Thursday. The firm has a market capitalization of $51.06 billion, a PE ratio of 59.69, a price-to-earnings-growth ratio of 2.41 and a beta of 0.73. The firm has a 50-day moving average price of $203.42 and a 200 day moving average price of $186.59. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $204.88.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.07). The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The firm’s revenue was down 12.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.11 earnings per share. Research analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were paid a $0.19 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 22.22%.

Insider Buying and Selling

In related news, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $201.65, for a total transaction of $302,475.00. Following the transaction, the chief financial officer owned 5,595 shares in the company, valued at $1,128,231.75. This represents a 21.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $204.30, for a total transaction of $245,160.00. Following the sale, the insider directly owned 32,360 shares in the company, valued at approximately $6,611,148. This represents a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 123,769 shares of company stock valued at $24,943,734 in the last 90 days. 0.24% of the stock is owned by corporate insiders.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.