KRS Capital Management LLC Raises Stake in Electronic Arts Inc. (NASDAQ:EA)

KRS Capital Management LLC lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 17.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,880 shares of the game software company’s stock after buying an additional 275 shares during the quarter. KRS Capital Management LLC’s holdings in Electronic Arts were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EA. Jennison Associates LLC grew its holdings in Electronic Arts by 1.3% in the fourth quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock valued at $867,000 after purchasing an additional 84 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its position in Electronic Arts by 0.3% during the third 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 buying an additional 87 shares in the last quarter. Mirador Capital Partners LP lifted its position in Electronic Arts by 2.9% during the fourth quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock valued at $447,000 after buying an additional 91 shares in the last quarter. Whittier Trust Co. lifted its position in Electronic Arts by 4.1% during the fourth quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock valued at $322,000 after buying an additional 93 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in shares of Electronic Arts by 7.5% during the third quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the game software company’s stock worth $164,000 after purchasing an additional 95 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Trading Down 0.1 %

EA stock traded down $0.19 during mid-day trading on Friday, reaching $139.33. 2,423,533 shares of the stock traded hands, compared to its average volume of 2,098,404. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $144.53. The company has a market cap of $37.02 billion, a P/E ratio of 29.77, a P/E/G ratio of 2.22 and a beta of 0.80. The stock’s fifty day moving average is $132.71 and its 200-day moving average is $134.94.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.78 billion. As a group, sell-side analysts expect that Electronic Arts Inc. will post 5.72 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Wednesday, May 29th. Electronic Arts’s dividend payout ratio is presently 16.24%.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 4,639 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total transaction of $622,321.85. Following the completion of the sale, the chief executive officer now directly owns 66,747 shares in the company, valued at $8,954,110.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 4,639 shares of Electronic Arts stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total transaction of $622,321.85. Following the completion of the sale, the chief executive officer now owns 66,747 shares of the company’s stock, valued at approximately $8,954,110.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total transaction of $211,515.00. Following the sale, the chief financial officer now directly owns 10,553 shares of the company’s stock, valued at approximately $1,488,078.53. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,039 shares of company stock valued at $3,325,484. 0.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. StockNews.com raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research report on Wednesday. Wedbush reiterated an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a research note on Wednesday, May 8th. Oppenheimer reiterated an “outperform” rating and set a $150.00 target price on shares of Electronic Arts in a research note on Friday, June 21st. Robert W. Baird lowered their price target on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $147.50.

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.