NBC Securities Inc. Raises Position in Electronic Arts Inc. (NASDAQ:EA)

NBC Securities Inc. lifted its position in Electronic Arts Inc. (NASDAQ:EA) by 13.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,722 shares of the game software company’s stock after buying an additional 795 shares during the period. NBC Securities Inc.’s holdings in Electronic Arts were worth $891,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of 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 valued at $3,086,621,000 after purchasing an additional 3,600,388 shares in the last quarter. Norges Bank purchased a new stake in shares of Electronic Arts during the 4th quarter valued at about $281,054,000. DNB Asset Management AS grew its stake in shares of Electronic Arts by 82.3% in the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock worth $322,494,000 after acquiring an additional 1,064,022 shares during the period. Schroder Investment Management Group raised its holdings in shares of Electronic Arts by 350.6% during the fourth quarter. Schroder Investment Management Group now owns 752,026 shares of the game software company’s stock valued at $102,885,000 after purchasing an additional 585,123 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Electronic Arts by 13.0% in the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after purchasing an additional 389,063 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity

In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $130.66, for a total value of $326,650.00. Following the completion of the transaction, the chief executive officer now owns 25,930 shares in the company, valued at approximately $3,388,013.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Eric Charles Kelly sold 3,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $133.75, for a total value of $401,250.00. Following the sale, the chief accounting officer now directly owns 7,458 shares of the company’s stock, valued at approximately $997,507.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $130.66, for a total value of $326,650.00. Following the transaction, the chief executive officer now owns 25,930 shares of the company’s stock, valued at approximately $3,388,013.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,539 shares of company stock worth $3,089,969. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on EA. BMO Capital Markets decreased their target price on shares of Electronic Arts from $160.00 to $154.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. StockNews.com lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird dropped their price objective on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Wedbush reaffirmed an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a report on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $147.00.

Electronic Arts Trading Up 0.4 %

Shares of Electronic Arts stock opened at $138.13 on Thursday. The firm has a market cap of $36.71 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 2.20 and a beta of 0.80. The business has a 50-day moving average price of $130.77 and a 200-day moving average price of $134.78. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $144.53.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Equities research analysts anticipate that Electronic Arts Inc. will post 5.7 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.55%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

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.