National Bank of Canada FI Has $71.88 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

National Bank of Canada FI lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 146.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 491,286 shares of the game software company’s stock after purchasing an additional 292,309 shares during the period. National Bank of Canada FI owned 0.19% of Electronic Arts worth $71,878,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pinnacle Bancorp Inc. increased its stake in shares of Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares during the period. Whipplewood Advisors LLC acquired a new stake in Electronic Arts in the fourth quarter worth about $32,000. Millstone Evans Group LLC bought a new stake in Electronic Arts during the 4th quarter worth about $37,000. SBI Securities Co. Ltd. acquired a new position in Electronic Arts during the 4th quarter valued at about $41,000. Finally, OFI Invest Asset Management bought a new position in shares of Electronic Arts in the 4th quarter valued at about $42,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EA shares. BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a report on Monday, January 27th. Raymond James lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. BMO Capital Markets reduced their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Oppenheimer cut their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Finally, Wedbush restated an “outperform” rating and set a $173.00 price objective on shares of Electronic Arts in a report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and an average price target of $155.65.

Insider Transactions at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total transaction of $215,175.00. Following the completion of the sale, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at approximately $3,354,721.70. This trade represents a 6.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the sale, the insider now owns 28,216 shares of the company’s stock, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,000 shares of company stock worth $3,018,560. 0.22% of the stock is owned by company insiders.

Electronic Arts Stock Up 0.8 %

EA stock opened at $145.67 on Wednesday. The company has a market cap of $37.96 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The business has a 50 day moving average price of $133.15 and a two-hundred day moving average price of $144.63. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS 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%. Analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. Electronic Arts’s dividend payout ratio is currently 19.34%.

Electronic Arts 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.