OFI Invest Asset Management Invests $42,000 in Electronic Arts Inc. (NASDAQ:EA)

OFI Invest Asset Management acquired a new position in Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, Holdings Channel.com reports. The firm acquired 297 shares of the game software company’s stock, valued at approximately $42,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Electronic Arts by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock worth $954,358,000 after purchasing an additional 26,505 shares in the last quarter. Amundi boosted its holdings in Electronic Arts by 4.3% during the 4th quarter. Amundi now owns 2,990,729 shares of the game software company’s stock valued at $431,315,000 after acquiring an additional 122,494 shares during the period. Bank of New York Mellon Corp boosted its holdings in Electronic Arts by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company’s stock valued at $261,772,000 after acquiring an additional 23,289 shares during the period. Swedbank AB boosted its holdings in Electronic Arts by 6.3% during the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after acquiring an additional 95,190 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Electronic Arts by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock valued at $213,089,000 after acquiring an additional 36,153 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EA. Robert W. Baird dropped their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. Bank of America increased their target price on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. DA Davidson began coverage on Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 target price for the company. Roth Mkm dropped their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Finally, Citigroup dropped their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and an average target price of $154.78.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the sale, the insider now owns 47,514 shares of the company’s stock, valued at approximately $6,216,256.62. This trade represents a 5.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the sale, the insider now directly owns 29,216 shares of the company’s stock, valued at approximately $4,311,405.12. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,500 shares of company stock valued at $3,428,645 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Stock Up 0.3 %

Shares of NASDAQ:EA opened at $140.43 on Tuesday. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The firm has a market capitalization of $36.60 billion, a P/E ratio of 35.73, a P/E/G ratio of 3.58 and a beta of 0.78. The stock has a 50 day moving average price of $133.54 and a 200-day moving average price of $145.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share 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%. As a group, equities research analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Electronic Arts 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.