Quantbot Technologies LP Invests $532,000 in Electronic Arts Inc. $EA

Quantbot Technologies LP bought a new position in Electronic Arts Inc. (NASDAQ:EA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,331 shares of the game software company’s stock, valued at approximately $532,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norden Group LLC bought a new position in shares of Electronic Arts in the second quarter valued at about $214,000. Vanguard Personalized Indexing Management LLC grew its holdings in Electronic Arts by 34.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,483 shares of the game software company’s stock worth $6,467,000 after acquiring an additional 10,453 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in Electronic Arts during the 1st quarter worth $319,000. Vest Financial LLC lifted its holdings in Electronic Arts by 5.7% during the 2nd 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 in the last quarter. Finally, Alta Advisers Ltd bought a new position in Electronic Arts in the 2nd quarter valued at $205,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $201.06, for a total transaction of $502,650.00. Following the sale, the insider owned 55,648 shares of the company’s stock, valued at approximately $11,188,586.88. This trade represents a 4.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $201.65, for a total value of $302,475.00. Following the completion of the transaction, the chief financial officer directly owned 5,595 shares of the company’s stock, valued at approximately $1,128,231.75. The trade was a 21.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 134,869 shares of company stock worth $26,878,477 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EA has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. DZ Bank lowered Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 29th. Roth Capital cut Electronic Arts from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $185.00 to $210.00 in a report on Thursday, October 2nd. Morgan Stanley raised their target price on shares of Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Finally, 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. Four investment analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and an average price target of $181.21.

Electronic Arts Price Performance

Shares of EA opened at $203.51 on Thursday. The stock has a market cap of $50.90 billion, a P/E ratio of 59.51, a price-to-earnings-growth ratio of 2.44 and a beta of 0.76. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $204.64. The stock’s 50-day moving average price is $201.21 and its two-hundred day moving average price is $175.43. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25.

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

Electronic Arts Announces Dividend

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