Tealwood Asset Management Inc. Purchases 119 Shares of Electronic Arts Inc. (NASDAQ:EA)

Tealwood Asset Management Inc. increased its position in Electronic Arts Inc. (NASDAQ:EAFree Report) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,426 shares of the game software company’s stock after acquiring an additional 119 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Electronic Arts were worth $1,251,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EA. Cape Investment Advisory Inc. boosted its position in shares of Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after acquiring an additional 101 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its position in shares of Electronic Arts by 269.1% during 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 in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Electronic Arts during the 4th quarter valued at about $30,000. Venturi Wealth Management LLC boosted its position in shares of Electronic Arts by 81.0% during 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 in the last quarter. Finally, Private Wealth Management Group LLC acquired a new stake in shares of Electronic Arts during the 4th quarter valued at about $31,000. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EA. BMO Capital Markets reduced their price target on shares of Electronic Arts from $160.00 to $154.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. Robert W. Baird reduced their price target on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. UBS Group reduced their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Benchmark reiterated a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $147.00.

Get Our Latest Analysis on Electronic Arts

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $130.66, for a total transaction of $326,650.00. Following the completion of the sale, the chief executive officer now directly owns 25,930 shares in the company, valued at $3,388,013.80. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, COO Laura Miele sold 2,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $132.82, for a total transaction of $265,640.00. Following the completion of the sale, the chief operating officer now directly owns 34,772 shares in the company, valued at $4,618,417.04. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $130.66, for a total transaction of $326,650.00. Following the sale, the chief executive officer now owns 25,930 shares of the company’s stock, valued at $3,388,013.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,539 shares of company stock worth $3,089,969. 0.20% of the stock is currently owned by company insiders.

Electronic Arts Stock Up 0.9 %

EA traded up $1.21 during trading hours on Friday, hitting $139.06. 2,993,961 shares of the company’s stock were exchanged, compared to its average volume of 2,159,218. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53. The stock has a market cap of $36.95 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.20 and a beta of 0.80. The stock’s 50-day moving average is $131.34 and its two-hundred day moving average is $134.84. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EAGet Free Report) last announced its quarterly earnings results 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). The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. Sell-side analysts predict that Electronic Arts Inc. will post 5.7 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Wednesday, May 29th. Electronic Arts’s dividend payout ratio (DPR) is currently 16.24%.

Electronic Arts Company Profile

(Free Report)

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.

Featured Articles

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

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.