OFI Invest Asset Management Acquires Shares of 297 Electronic Arts Inc. (NASDAQ:EA)

OFI Invest Asset Management acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 297 shares of the game software company’s stock, valued at approximately $42,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of Electronic Arts during the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. boosted its position in shares of Electronic Arts by 141.0% during the fourth 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 last quarter. Whipplewood Advisors LLC purchased a new position in shares of Electronic Arts during the fourth quarter valued at approximately $32,000. SBI Securities Co. Ltd. purchased a new position in shares of Electronic Arts during the fourth quarter valued at approximately $41,000. Finally, Larson Financial Group LLC boosted its position in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of the transaction, the chief executive officer now directly owns 47,615 shares in the company, valued at $7,047,020. The trade was a 9.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the transaction, the insider now owns 29,216 shares of the company’s stock, valued at approximately $4,311,405.12. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,500 shares of company stock worth $3,428,645. 0.22% of the stock is owned by company insiders.

Electronic Arts Stock Performance

NASDAQ:EA opened at $140.43 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The firm has a market cap of $36.60 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 3.58 and a beta of 0.78. The business’s fifty day moving average is $133.54 and its 200 day moving average is $145.16.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Research analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. Electronic Arts’s payout ratio is 19.34%.

Analysts Set New Price Targets

Several research analysts recently issued reports on EA shares. Wedbush reaffirmed an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Roth Mkm cut their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Friday, January 31st. Stifel Nicolaus cut their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Finally, DA Davidson assumed coverage on Electronic Arts in a research report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price objective on the stock. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and a consensus target price of $154.78.

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.