denkapparat Operations GmbH Acquires 3,398 Shares of Electronic Arts Inc. $EA

denkapparat Operations GmbH increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 144.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,756 shares of the game software company’s stock after purchasing an additional 3,398 shares during the period. Electronic Arts makes up 0.7% of denkapparat Operations GmbH’s portfolio, making the stock its 22nd biggest position. denkapparat Operations GmbH’s holdings in Electronic Arts were worth $919,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EA. Norden Group LLC bought a new stake in Electronic Arts in the 2nd quarter valued at $214,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Electronic Arts by 34.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock valued at $6,467,000 after purchasing an additional 10,453 shares during the period. Focus Partners Advisor Solutions LLC bought a new stake in shares of Electronic Arts in the first quarter valued at about $319,000. Vest Financial LLC boosted its position in shares of Electronic Arts by 5.7% during the second quarter. Vest Financial LLC now owns 278,069 shares of the game software company’s stock worth $44,408,000 after buying an additional 15,032 shares during the period. Finally, Alta Advisers Ltd bought a new position in shares of Electronic Arts during the second quarter worth about $205,000. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Up 0.3%

Electronic Arts stock opened at $201.93 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. The company’s 50-day moving average is $190.22 and its 200-day moving average is $167.90. The firm has a market capitalization of $50.36 billion, a PE ratio of 59.04, a P/E/G ratio of 3.04 and a beta of 0.74. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $203.75.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The company’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 EPS. Sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

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

Wall Street Analyst Weigh In

EA has been the subject of a number of recent research reports. HSBC downgraded Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price target for the company. in a research report on Monday, September 29th. Citigroup raised their target price on shares of Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. UBS Group set a $210.00 price target on shares of Electronic Arts and gave the stock a “neutral” rating in a research report on Tuesday, September 30th. Roth Capital downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $185.00 to $210.00 in a research note on Thursday, October 2nd. Finally, Jefferies Financial Group downgraded Electronic Arts from a “buy” rating to a “hold” rating and lifted their target price for the company from $200.00 to $210.00 in a research report on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $181.64.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Monday, October 20th. The shares were sold at an average price of $200.55, for a total transaction of $1,002,750.00. Following the completion of the transaction, the chief executive officer directly owned 42,393 shares of the company’s stock, valued at $8,501,916.15. The trade was a 10.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jacob J. Schatz sold 1,200 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $200.80, for a total transaction of $240,960.00. Following the completion of the transaction, the executive vice president owned 24,880 shares in the company, valued at approximately $4,995,904. This represents a 4.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,400 shares of company stock worth $7,359,462 in the last quarter. Company insiders own 0.24% of the company’s stock.

Electronic Arts Company 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.