XTX Topco Ltd Raises Holdings in Electronic Arts Inc. (NASDAQ:EA)

XTX Topco Ltd raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 90.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,395 shares of the game software company’s stock after buying an additional 1,615 shares during the period. XTX Topco Ltd’s holdings in Electronic Arts were worth $497,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Pinnacle Bancorp Inc. boosted its holdings in shares of Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Electronic Arts in the 4th quarter valued at about $32,000. Millstone Evans Group LLC purchased a new position in shares of Electronic Arts during the 4th quarter worth about $37,000. SBI Securities Co. Ltd. acquired a new stake in shares of Electronic Arts in the fourth quarter worth approximately $41,000. Finally, OFI Invest Asset Management acquired a new position in Electronic Arts during the fourth quarter worth approximately $42,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EA shares. Roth Mkm lowered their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Ascendiant Capital Markets lifted their price objective on Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Citigroup dropped their target price on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Raymond James downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Finally, DA Davidson began coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 target price on the stock. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $154.65.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the transaction, the insider now directly owns 28,216 shares of the company’s stock, valued at $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $145.65, for a total transaction of $218,475.00. Following the completion of the sale, the executive vice president now directly owns 19,033 shares of the company’s stock, valued at $2,772,156.45. The trade was a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,000 shares of company stock worth $3,019,290. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Stock Performance

EA opened at $145.61 on Monday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The stock has a market cap of $37.95 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The business’s 50 day moving average is $137.83 and its 200-day moving average is $144.41. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts’s payout ratio is 19.34%.

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.