3,819 Shares in Electronic Arts Inc. $EA Purchased by Diametric Capital LP

Diametric Capital LP bought a new position in Electronic Arts Inc. (NASDAQ:EA) in the second quarter, HoldingsChannel reports. The fund bought 3,819 shares of the game software company’s stock, valued at approximately $610,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Electronic Arts by 0.5% in the first quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock worth $4,198,607,000 after acquiring an additional 150,438 shares during the period. Ninety One UK Ltd boosted its holdings in Electronic Arts by 4.6% in the second quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock worth $695,645,000 after purchasing an additional 193,442 shares during the last quarter. Invesco Ltd. grew its position in Electronic Arts by 10.1% in the 2nd quarter. Invesco Ltd. now owns 4,112,305 shares of the game software company’s stock worth $656,735,000 after purchasing an additional 378,824 shares during the period. Independent Franchise Partners LLP raised its stake in Electronic Arts by 2.3% during the 1st quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company’s stock valued at $570,233,000 after buying an additional 88,767 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Electronic Arts by 62.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock valued at $470,197,000 after buying an additional 1,254,194 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In other Electronic Arts news, Director Jeff Huber sold 79,381 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $201.17, for a total transaction of $15,969,075.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $201.42, for a total value of $241,704.00. Following the completion of the transaction, the insider directly owned 34,760 shares in the company, valued at approximately $7,001,359.20. This represents a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 134,869 shares of company stock worth $26,878,477 in the last three months. 0.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. DA Davidson lifted their price objective on Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, August 11th. Roth Capital downgraded Electronic Arts from a “buy” rating to a “neutral” rating and boosted their price target for the company from $185.00 to $210.00 in a research note on Thursday, October 2nd. Zacks Research cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Benchmark reissued a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $181.64.

Electronic Arts Stock Up 0.1%

EA stock opened at $203.44 on Friday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $203.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. The stock has a market cap of $50.88 billion, a P/E ratio of 59.49, a PEG ratio of 2.44 and a beta of 0.76. The business’s 50-day moving average price is $200.89 and its 200-day moving average price is $173.74.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the company posted $1.11 earnings per share. The company’s revenue was down 12.6% compared to the same quarter last year. On average, equities research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

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

About Electronic Arts

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.