Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Electronic Arts Inc. (NASDAQ:EA) by 302.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,406 shares of the game software company’s stock after purchasing an additional 193,498 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.10% of Electronic Arts worth $35,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Knights of Columbus Asset Advisors LLC increased its holdings in Electronic Arts by 0.3% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 34,102 shares of the game software company’s stock worth $4,106,000 after purchasing an additional 86 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Electronic Arts by 0.3% in the 3rd quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company’s stock valued at $3,261,000 after acquiring an additional 87 shares during the last quarter. Beacon Pointe Advisors LLC increased its holdings in shares of Electronic Arts by 5.0% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 1,900 shares of the game software company’s stock valued at $246,000 after acquiring an additional 91 shares during the last quarter. Mirador Capital Partners LP increased its holdings in shares of Electronic Arts by 2.9% in the 4th quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock valued at $447,000 after acquiring an additional 91 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in shares of Electronic Arts by 4.1% in the 4th quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock valued at $322,000 after acquiring an additional 93 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Trading Down 0.4 %

Shares of EA opened at $126.55 on Wednesday. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock has a 50 day simple moving average of $135.49 and a 200-day simple moving average of $134.37. The stock has a market cap of $33.83 billion, a PE ratio of 31.88, a PEG ratio of 1.76 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the firm posted $2.29 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, sell-side analysts predict that Electronic Arts Inc. will post 5.36 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were given a $0.19 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 annualized dividend and a yield of 0.60%. Electronic Arts’s payout ratio is 19.14%.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $138.88, for a total value of $347,200.00. Following the completion of the sale, the chief executive officer now directly owns 30,930 shares of the company’s stock, valued at approximately $4,295,558.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Laura Miele sold 2,000 shares of Electronic Arts stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $274,860.00. Following the completion of the sale, the chief operating officer now directly owns 38,548 shares of the company’s stock, valued at approximately $5,297,651.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $138.88, for a total value of $347,200.00. Following the completion of the sale, the chief executive officer now directly owns 30,930 shares of the company’s stock, valued at $4,295,558.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,144 shares of company stock worth $5,015,350. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EA. UBS Group reduced their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Stifel Nicolaus boosted their price target on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Wedbush reiterated an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. Finally, BMO Capital Markets began coverage on Electronic Arts in a research report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target for the company. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $147.00.

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.