Electronic Arts Inc. (NASDAQ:EA) Shares Bought by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,821 shares of the game software company’s stock after acquiring an additional 222 shares during the period. First Trust Direct Indexing L.P.’s holdings in Electronic Arts were worth $835,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EA. Vanguard Group Inc. boosted its stake in shares of Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after acquiring an additional 3,727,251 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Electronic Arts by 496.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after buying an additional 2,090,504 shares during the last quarter. Swedbank AB acquired a new stake in Electronic Arts in the 1st quarter worth about $201,935,000. Jericho Capital Asset Management L.P. acquired a new stake in Electronic Arts in the 1st quarter worth about $189,055,000. Finally, Manning & Napier Advisors LLC acquired a new stake in Electronic Arts in the 2nd quarter worth about $188,159,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EA shares. Wedbush reissued an “outperform” rating and issued a $170.00 price target on shares of Electronic Arts in a research note on Friday, October 25th. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. UBS Group raised their price target on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and raised their price objective for the stock from $135.00 to $177.00 in a report on Thursday. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.39.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $151.26 on Friday. The company has a market cap of $39.96 billion, a P/E ratio of 38.88, a PEG ratio of 2.04 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.43. Electronic Arts Inc. has a one year low of $124.92 and a one year high of $153.51. The business’s 50-day simple moving average is $144.96 and its 200 day simple moving average is $140.19.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.03 by $0.06. Electronic Arts had a return on equity of 18.56% and a net margin of 14.12%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. On average, sell-side analysts forecast that Electronic Arts Inc. will post 5.93 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.50%. Electronic Arts’s dividend payout ratio is presently 19.54%.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the sale, the insider now directly owns 31,190 shares in the company, valued at $4,675,692.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Stuart Canfield sold 1,260 shares of Electronic Arts stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $148.37, for a total value of $186,946.20. Following the completion of the transaction, the chief financial officer now owns 7,553 shares in the company, valued at approximately $1,120,638.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the transaction, the insider now owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,644 shares of company stock worth $3,491,207 in the last three months. 0.22% of the stock is owned by insiders.

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.