Cognios Beta Neutral Large Cap Fund LP Buys Shares of 3,498 Electronic Arts Inc. (NASDAQ:EA)

Cognios Beta Neutral Large Cap Fund LP bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,498 shares of the game software company’s stock, valued at approximately $479,000.

Other large investors also recently added to or reduced their stakes in the company. Bray Capital Advisors raised its position in shares of Electronic Arts by 100.0% in the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after acquiring an additional 110 shares during the period. Leith Wheeler Investment Counsel Ltd. raised its position in shares of Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after acquiring an additional 154,989 shares during the period. Larson Financial Group LLC acquired a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $30,000. Venturi Wealth Management LLC raised its position in shares of Electronic Arts by 81.0% in the 4th quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock valued at $31,000 after acquiring an additional 102 shares during the period. Finally, CVA Family Office LLC acquired a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $38,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In related news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the transaction, the insider now directly owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the sale, the insider now owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total value of $109,944.00. Following the sale, the insider now directly owns 28,683 shares of the company’s stock, valued at approximately $3,941,904.69. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,144 shares of company stock valued at $5,143,560. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stifel Nicolaus increased their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. UBS Group dropped their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Oppenheimer restated an “outperform” rating and set a $150.00 target price on shares of Electronic Arts in a report on Tuesday. Wedbush restated an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a report on Wednesday, January 31st. Finally, BMO Capital Markets assumed coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 target price on the stock. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Electronic Arts Stock Up 0.8 %

Shares of EA traded up $1.00 during mid-day trading on Wednesday, hitting $128.14. 1,483,253 shares of the company’s stock were exchanged, compared to its average volume of 2,016,861. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. The company has a 50-day simple moving average of $134.30 and a 200 day simple moving average of $134.57. The company has a market cap of $34.26 billion, a PE ratio of 32.28, a P/E/G ratio of 1.76 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the business posted $2.29 earnings per share. Electronic Arts’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, research analysts forecast that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. Electronic Arts’s dividend payout ratio is presently 19.14%.

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.