TrimTabs Asset Management LLC Makes New $1.18 Million Investment in Electronic Arts Inc. (NASDAQ:EA)

TrimTabs Asset Management LLC bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,877 shares of the game software company’s stock, valued at approximately $1,179,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. SOA Wealth Advisors LLC. acquired a new position in shares of Electronic Arts in the fourth quarter valued at approximately $28,000. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Electronic Arts by 881.0% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 206 shares of the game software company’s stock valued at $30,000 after buying an additional 185 shares during the period. Winslow Evans & Crocker Inc. increased its stake in shares of Electronic Arts by 81.3% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 223 shares of the game software company’s stock valued at $32,000 after buying an additional 100 shares during the period. McIlrath & Eck LLC increased its stake in shares of Electronic Arts by 72.9% in the fourth quarter. McIlrath & Eck LLC now owns 230 shares of the game software company’s stock valued at $33,000 after buying an additional 97 shares during the period. Finally, Catalyst Private Wealth LLC acquired a new position in shares of Electronic Arts in the third quarter valued at approximately $39,000. 87.95% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Jay C. Hoag sold 90,000 shares of the firm’s stock in a transaction on Thursday, February 11th. The stock was sold at an average price of $147.36, for a total transaction of $13,262,400.00. Following the completion of the sale, the director now directly owns 496 shares of the company’s stock, valued at approximately $73,090.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 2,000 shares of the firm’s stock in a transaction on Monday, January 25th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The disclosure for this sale can be found here. Insiders sold a total of 111,710 shares of company stock valued at $16,312,390 over the last three months. 0.92% of the stock is currently owned by insiders.

Several analysts recently commented on EA shares. Deutsche Bank Aktiengesellschaft upped their target price on Electronic Arts from $144.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, January 14th. MKM Partners upped their target price on Electronic Arts from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, February 3rd. Cowen upped their target price on Electronic Arts from $161.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, February 3rd. The Goldman Sachs Group upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Sunday, January 24th. Finally, Raymond James started coverage on Electronic Arts in a report on Wednesday, February 3rd. They issued an “outperform” rating and a $164.00 target price on the stock. Twelve research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Electronic Arts currently has an average rating of “Buy” and a consensus target price of $152.23.

NASDAQ EA traded down $0.35 on Thursday, reaching $141.66. The company had a trading volume of 51,018 shares, compared to its average volume of 2,839,234. The stock has a market capitalization of $40.75 billion, a P/E ratio of 31.63, a P/E/G ratio of 2.83 and a beta of 0.92. The company’s fifty day moving average is $135.02 and its 200 day moving average is $133.77. Electronic Arts Inc. has a 52-week low of $104.65 and a 52-week high of $150.30. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.05.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Monday, February 1st. The game software company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.10. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.38 billion. Electronic Arts had a return on equity of 17.85% and a net margin of 23.51%. Electronic Arts’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.52 EPS. On average, research analysts expect that Electronic Arts Inc. will post 4.14 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 24th. Investors of record on Wednesday, March 3rd were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Tuesday, March 2nd. Electronic Arts’s payout ratio is currently 14.29%.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and Plants v.

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

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