Electronic Arts Inc. (NASDAQ:EA) is Northcape Capital Pty Ltd’s 9th Largest Position

Northcape Capital Pty Ltd lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,166 shares of the game software company’s stock after selling 3,367 shares during the period. Electronic Arts makes up about 0.5% of Northcape Capital Pty Ltd’s investment portfolio, making the stock its 9th largest position. Northcape Capital Pty Ltd’s holdings in Electronic Arts were worth $4,264,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Electronic Arts by 16.3% during the 3rd 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. Norges Bank acquired a new position in Electronic Arts during the 4th quarter worth $270,382,000. BlackRock Inc. boosted its holdings in shares of Electronic Arts by 7.0% in the 2nd quarter. BlackRock Inc. now owns 25,779,074 shares of the game software company’s stock valued at $3,343,546,000 after buying an additional 1,690,474 shares during the period. Morgan Stanley raised its stake in Electronic Arts by 62.1% during the fourth quarter. Morgan Stanley now owns 3,193,059 shares of the game software company’s stock worth $390,128,000 after acquiring an additional 1,223,195 shares during the period. Finally, Barclays PLC boosted its stake in Electronic Arts by 265.0% in the second quarter. Barclays PLC now owns 1,516,792 shares of the game software company’s stock valued at $196,727,000 after acquiring an additional 1,101,229 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Trading Up 0.7 %

Shares of NASDAQ:EA traded up $0.98 during midday trading on Thursday, hitting $132.85. The company had a trading volume of 504,005 shares, compared to its average volume of 2,049,984. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $144.53. The firm has a fifty day simple moving average of $137.56 and a 200 day simple moving average of $133.29. The stock has a market cap of $35.52 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 1.94 and a beta of 0.77.

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

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a $0.19 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.57%. Electronic Arts’s payout ratio is 19.14%.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Monday, March 25th. The stock was sold at an average price of $130.66, for a total transaction of $326,650.00. Following the completion of the sale, the chief executive officer now owns 25,930 shares of the company’s stock, valued at $3,388,013.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Electronic Arts news, 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 transaction of $326,650.00. Following the completion of the transaction, the chief executive officer now directly owns 25,930 shares in the company, valued at $3,388,013.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the transaction, the insider now directly owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,144 shares of company stock worth $5,160,804. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EA shares. UBS Group cut their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday. Wedbush reissued an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. Stifel Nicolaus raised their target price on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Wolfe Research assumed coverage on shares of Electronic Arts in a report on Tuesday, December 12th. They issued a “peer perform” rating on the stock. Finally, BMO Capital Markets started coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

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.