Donoghue Forlines LLC Takes $2.92 Million Position in Electronic Arts Inc. $EA

Donoghue Forlines LLC bought a new position in Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,300 shares of the game software company’s stock, valued at approximately $2,923,000. Electronic Arts comprises 0.8% of Donoghue Forlines LLC’s holdings, making the stock its 19th biggest holding.

Several other institutional investors also recently bought and sold shares of EA. Salomon & Ludwin LLC lifted its holdings in Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after acquiring an additional 68 shares during the period. Bank of Jackson Hole Trust increased its holdings in shares of Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after purchasing an additional 75 shares in the last quarter. Frazier Financial Advisors LLC lifted its stake in shares of Electronic Arts by 328.9% in the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after purchasing an additional 148 shares during the period. NewSquare Capital LLC boosted its holdings in Electronic Arts by 67.5% during the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after buying an additional 79 shares in the last quarter. Finally, Costello Asset Management INC acquired a new stake in Electronic Arts during the first quarter valued at $40,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $201.34 on Friday. The stock has a market capitalization of $50.22 billion, a P/E ratio of 58.87, a PEG ratio of 3.04 and a beta of 0.74. The business has a 50 day simple moving average of $191.57 and a two-hundred day simple moving average of $168.36. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $203.75. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The business’s revenue was down 12.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 earnings per share. As a group, analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s payout ratio is presently 22.22%.

Analyst Ratings Changes

A number of research analysts have weighed in on EA shares. Oppenheimer downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 30th. Cowen cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Wednesday, October 1st. Wedbush reiterated a “neutral” rating and set a $200.00 price target on shares of Electronic Arts in a research report on Monday, September 29th. Bank of America boosted their price objective on Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, Benchmark reaffirmed a “buy” rating on shares of Electronic Arts in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $181.64.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $200.55, for a total transaction of $1,002,750.00. Following the transaction, the chief executive officer directly owned 42,393 shares in the company, valued at $8,501,916.15. The trade was a 10.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stuart Canfield sold 6,500 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $203.40, for a total value of $1,322,100.00. Following the completion of the sale, the chief financial officer directly owned 5,140 shares of the company’s stock, valued at approximately $1,045,476. This represents a 55.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 38,200 shares of company stock worth $7,149,882 in the last 90 days. 0.24% 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.