Eagle Rock Investment Company LLC raised its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 13.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,637 shares of the game software company's stock after acquiring an additional 5,769 shares during the quarter. Electronic Arts makes up about 1.2% of Eagle Rock Investment Company LLC's holdings, making the stock its 23rd biggest holding. Eagle Rock Investment Company LLC's holdings in Electronic Arts were worth $7,116,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in shares of Electronic Arts in the 3rd quarter valued at about $25,000. Pinnacle Bancorp Inc. boosted its holdings in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after purchasing an additional 117 shares in the last quarter. Reston Wealth Management LLC purchased a new position in Electronic Arts in the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC raised its holdings in Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company's stock worth $39,000 after purchasing an additional 166 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after buying an additional 70 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on EA. StockNews.com raised shares of Electronic Arts from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 31st. BMO Capital Markets reaffirmed an "outperform" rating and set a $160.00 price objective (up previously from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Roth Mkm lifted their target price on Electronic Arts from $154.00 to $158.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Stifel Nicolaus reissued a "hold" rating and issued a $167.00 target price on shares of Electronic Arts in a research report on Wednesday, December 18th. Finally, BNP Paribas raised Electronic Arts to a "strong-buy" rating in a research report on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $165.37.
Read Our Latest Research Report on EA
Shares of NASDAQ:EA opened at $141.40 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm's 50-day simple moving average is $155.70 and its 200-day simple moving average is $149.01. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50. The company has a market cap of $37.08 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.84 and a beta of 0.80.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts's dividend payout ratio (DPR) is currently 19.54%.
In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the sale, the insider now directly owns 28,190 shares of the company's stock, valued at approximately $4,251,897.70. This represents a 3.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $145.87, for a total transaction of $364,675.00. Following the transaction, the chief executive officer now owns 51,747 shares of the company's stock, valued at approximately $7,548,334.89. The trade was a 4.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,500 shares of company stock worth $3,637,660 over the last 90 days. Company insiders own 0.22% of the company's stock.
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.
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