Trexquant Investment LP Purchases Shares of 33,662 Electronic Arts Inc. (NASDAQ:EA)

Trexquant Investment LP purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 33,662 shares of the game software company’s stock, valued at approximately $4,605,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Electronic Arts by 16.3% during the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after buying an additional 3,600,388 shares in the last quarter. Norges Bank purchased a new position in Electronic Arts in the 4th quarter worth approximately $281,054,000. DNB Asset Management AS increased its stake in Electronic Arts by 82.3% in the 4th quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock worth $322,494,000 after purchasing an additional 1,064,022 shares during the period. Assenagon Asset Management S.A. increased its stake in Electronic Arts by 480.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 499,277 shares of the game software company’s stock worth $60,113,000 after purchasing an additional 413,276 shares during the period. Finally, Morgan Stanley increased its stake in Electronic Arts by 13.0% in the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after purchasing an additional 389,063 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $127.15, for a total transaction of $127,150.00. Following the completion of the sale, the executive vice president now owns 17,426 shares in the company, valued at $2,215,715.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $139.08, for a total transaction of $111,264.00. Following the completion of the sale, the insider now owns 27,883 shares in the company, valued at $3,877,967.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $127.15, for a total value of $127,150.00. Following the sale, the executive vice president now owns 17,426 shares of the company’s stock, valued at approximately $2,215,715.90. The disclosure for this sale can be found here. Insiders sold 18,900 shares of company stock worth $2,509,342 over the last quarter. 0.20% of the stock is currently owned by insiders.

Electronic Arts Stock Up 4.9 %

EA stock opened at $135.14 on Thursday. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53. The business has a fifty day moving average price of $129.53 and a 200-day moving average price of $134.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.33. The stock has a market capitalization of $36.13 billion, a P/E ratio of 28.88, a P/E/G ratio of 2.05 and a beta of 0.78.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Wednesday, May 29th. Electronic Arts’s dividend payout ratio is currently 16.24%.

Analyst Ratings Changes

EA has been the topic of a number of analyst reports. UBS Group decreased their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. BMO Capital Markets cut their price objective on Electronic Arts from $160.00 to $154.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. Robert W. Baird cut their price objective on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Finally, Benchmark restated a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

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.