Electronic Arts Inc. (NASDAQ:EA) Shares Purchased by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD grew its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 28.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,532 shares of the game software company’s stock after purchasing an additional 991 shares during the period. Mondrian Investment Partners LTD’s holdings in Electronic Arts were worth $684,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. North Star Investment Management Corp. boosted its position in shares of Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after acquiring an additional 150 shares during the last quarter. Cape Investment Advisory Inc. grew its stake in shares of Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after buying an additional 101 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in shares of Electronic Arts during the 1st quarter worth $27,000. Opal Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the 2nd quarter worth $28,000. Finally, YHB Investment Advisors Inc. acquired a new position in Electronic Arts in the first quarter valued at $30,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $146.58, for a total transaction of $219,870.00. Following the sale, the executive vice president now directly owns 26,360 shares of the company’s stock, valued at $3,863,848.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total transaction of $350,650.00. Following the sale, the chief executive officer now directly owns 61,747 shares of the company’s stock, valued at approximately $8,660,634.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $146.58, for a total value of $219,870.00. Following the transaction, the executive vice president now directly owns 26,360 shares in the company, valued at $3,863,848.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,570 shares of company stock worth $4,183,508. 0.22% of the stock is owned by insiders.

Analyst Ratings Changes

EA has been the subject of several research analyst reports. Oppenheimer upped their price target on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Wedbush lifted their target price on shares of Electronic Arts from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Bank of America raised their price objective on Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets reissued an “outperform” rating and set a $154.00 target price on shares of Electronic Arts in a research report on Tuesday, July 30th. Finally, The Goldman Sachs Group raised their price target on shares of Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.28.

Electronic Arts Trading Down 2.7 %

NASDAQ:EA opened at $142.59 on Wednesday. The stock has a market cap of $37.89 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 1.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $153.51. The business has a fifty day moving average of $146.40 and a 200-day moving average of $137.65.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. Equities analysts predict that Electronic Arts Inc. will post 5.89 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, August 28th. Electronic Arts’s payout ratio is 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.