Isthmus Partners LLC Has $9.55 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Isthmus Partners LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,379 shares of the game software company’s stock after buying an additional 280 shares during the period. Electronic Arts comprises 1.7% of Isthmus Partners LLC’s investment portfolio, making the stock its 22nd largest holding. Isthmus Partners LLC’s holdings in Electronic Arts were worth $9,547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of EA. Mercer Global Advisors Inc. ADV increased its holdings in Electronic Arts by 3.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 16,010 shares of the game software company’s stock worth $2,303,000 after buying an additional 571 shares during the last quarter. Principal Financial Group Inc. lifted its position in Electronic Arts by 0.9% in the second quarter. Principal Financial Group Inc. now owns 361,720 shares of the game software company’s stock worth $52,026,000 after purchasing an additional 3,176 shares during the period. Toronto Dominion Bank lifted its position in Electronic Arts by 1.5% in the second quarter. Toronto Dominion Bank now owns 217,875 shares of the game software company’s stock worth $31,336,000 after purchasing an additional 3,227 shares during the period. Empirical Finance LLC raised its stake in Electronic Arts by 16.0% during the second quarter. Empirical Finance LLC now owns 3,452 shares of the game software company’s stock worth $497,000 after acquiring an additional 477 shares in the last quarter. Finally, Ethic Inc. raised its stake in Electronic Arts by 32.7% during the second quarter. Ethic Inc. now owns 5,253 shares of the game software company’s stock worth $756,000 after acquiring an additional 1,294 shares in the last quarter. Institutional investors own 88.68% of the company’s stock.

Shares of EA stock traded down $8.83 during trading hours on Wednesday, hitting $136.54. The company had a trading volume of 171,228 shares, compared to its average volume of 2,400,341. Electronic Arts Inc. has a fifty-two week low of $110.15 and a fifty-two week high of $150.30. The company’s fifty day moving average is $142.13 and its 200 day moving average is $140.35. The stock has a market capitalization of $38.86 billion, a PE ratio of 58.66 and a beta of 0.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.89 and a quick ratio of 1.89.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, August 3rd. The game software company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.52. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Electronic Arts had a net margin of 11.82% and a return on equity of 13.81%. The company’s revenue was down 3.9% on a year-over-year basis. During the same period last year, the firm posted $1.25 EPS. Equities analysts forecast that Electronic Arts Inc. will post 5.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 22nd. Investors of record on Wednesday, September 1st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Tuesday, August 31st. Electronic Arts’s dividend payout ratio (DPR) is 14.98%.

Several equities analysts recently issued reports on the company. KeyCorp decreased their price target on Electronic Arts from $180.00 to $175.00 and set an “overweight” rating on the stock in a report on Wednesday, July 28th. Moffett Nathanson initiated coverage on Electronic Arts in a report on Thursday, June 24th. They set a “neutral” rating and a $151.00 price objective on the stock. Truist Securities lifted their target price on Electronic Arts from $160.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday, July 15th. Credit Suisse Group boosted their price target on Electronic Arts from $165.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Electronic Arts from $175.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, August 5th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $162.85.

In other news, CEO Andrew Wilson sold 10,000 shares of the business’s stock in a transaction on Monday, June 21st. The shares were sold at an average price of $140.79, for a total transaction of $1,407,900.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Chris Bruzzo sold 2,500 shares of the business’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $146.25, for a total transaction of $365,625.00. Following the sale, the executive vice president now owns 22,158 shares of the company’s stock, valued at approximately $3,240,607.50. The disclosure for this sale can be found here. Insiders have sold a total of 50,845 shares of company stock valued at $7,224,821 over the last 90 days. 0.65% of the stock is currently owned by insiders.

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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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