Callan Family Office LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,201 shares of the game software company's stock, valued at approximately $468,000.
Other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Electronic Arts in the 3rd quarter valued at about $25,000. Pinnacle Bancorp Inc. raised its position in shares of Electronic Arts by 141.0% during 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 purchased a new stake in shares of Electronic Arts during the 4th quarter valued at approximately $32,000. SBI Securities Co. Ltd. acquired a new position in Electronic Arts in the fourth quarter valued at approximately $41,000. Finally, Larson Financial Group LLC grew its position in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after acquiring an additional 70 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on EA shares. Benchmark decreased their price target on Electronic Arts from $163.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Moffett Nathanson raised shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research note on Friday, January 31st. DA Davidson assumed coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price target on the stock. Raymond James cut shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 23rd. Finally, Wedbush reissued an "outperform" rating and issued a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $154.78.
Check Out Our Latest Stock Report on Electronic Arts
In related news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $148.00, for a total value 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 approximately $7,047,020. This represents a 9.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $148.18, for a total value of $148,180.00. Following the transaction, the chief financial officer now owns 8,750 shares in the company, valued at $1,296,575. This trade represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,500 shares of company stock worth $3,428,645 over the last three months. 0.22% of the stock is currently owned by corporate insiders.
EA stock traded up $0.39 during trading on Monday, hitting $140.43. The company had a trading volume of 5,438,914 shares, compared to its average volume of 4,417,884. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a market cap of $36.60 billion, a PE ratio of 35.73, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The firm has a 50-day moving average price of $133.54 and a 200-day moving average price of $145.16.
Electronic Arts (NASDAQ:EA - Get Free Report) last announced its quarterly earnings results 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%. On average, analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.
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.
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