Jackson Hole Capital Partners LLC Buys 831 Shares of Electronic Arts Inc. (NASDAQ:EA)

Jackson Hole Capital Partners LLC increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 13.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,010 shares of the game software company’s stock after acquiring an additional 831 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Electronic Arts were worth $959,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Electronic Arts by 16.3% during the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after buying an additional 3,600,388 shares during the last quarter. DNB Asset Management AS lifted its position in shares of Electronic Arts by 82.3% during the 4th quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after buying an additional 1,064,022 shares during the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of Electronic Arts during the 3rd quarter valued at $75,124,000. Assenagon Asset Management S.A. lifted its position in shares of Electronic Arts by 480.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 499,277 shares of the game software company’s stock valued at $60,113,000 after buying an additional 413,276 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Electronic Arts by 13.0% during the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after buying an additional 389,063 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price target on shares of Electronic Arts in a research report on Tuesday. UBS Group dropped their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Stifel Nicolaus increased their price objective on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Benchmark reissued a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a report on Thursday, April 18th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and an average price target of $147.00.

Insider Activity

In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the transaction, the chief executive officer now directly owns 28,430 shares in the company, valued at approximately $4,048,147.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the transaction, the chief executive officer now directly owns 28,430 shares in the company, valued at approximately $4,048,147.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the transaction, the insider now owns 28,683 shares in the company, valued at $3,941,904.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,644 shares of company stock worth $4,796,360. 0.20% of the stock is currently owned by insiders.

Electronic Arts Price Performance

Shares of Electronic Arts stock traded down $0.83 during trading on Thursday, hitting $127.31. 1,221,251 shares of the stock traded hands, compared to its average volume of 2,006,941. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock has a market cap of $34.04 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 1.76 and a beta of 0.76. The firm’s fifty day moving average is $133.67 and its 200-day moving average is $134.48. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53.

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

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.60%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.14%.

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.