WINTON GROUP Ltd Purchases 22,790 Shares of Electronic Arts Inc. $EA

WINTON GROUP Ltd boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 234.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,498 shares of the game software company’s stock after purchasing an additional 22,790 shares during the quarter. WINTON GROUP Ltd’s holdings in Electronic Arts were worth $6,555,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EA. DLD Asset Management LP acquired a new position in shares of Electronic Arts during the third quarter valued at about $4,006,000. Russell Investments Group Ltd. lifted its position in Electronic Arts by 9.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 643,390 shares of the game software company’s stock valued at $129,838,000 after acquiring an additional 56,293 shares in the last quarter. Private Advisor Group LLC lifted its position in Electronic Arts by 48.2% in the 3rd quarter. Private Advisor Group LLC now owns 4,070 shares of the game software company’s stock valued at $821,000 after acquiring an additional 1,324 shares in the last quarter. Pinnacle Associates Ltd. acquired a new position in Electronic Arts during the 3rd quarter valued at about $230,000. Finally, Vinva Investment Management Ltd increased its holdings in Electronic Arts by 89.8% during the 3rd quarter. Vinva Investment Management Ltd now owns 172,909 shares of the game software company’s stock worth $34,936,000 after purchasing an additional 81,803 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

Electronic Arts stock opened at $198.00 on Monday. Electronic Arts Inc. has a 52 week low of $131.15 and a 52 week high of $204.88. The company’s 50 day moving average price is $202.42 and its two-hundred day moving average price is $196.30. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock has a market cap of $49.55 billion, a P/E ratio of 74.44, a P/E/G ratio of 2.36 and a beta of 0.75.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s payout ratio is currently 28.57%.

Insiders Place Their Bets

In related news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total transaction of $299,850.00. Following the completion of the transaction, the chief financial officer owned 5,897 shares in the company, valued at approximately $1,178,810.30. This represents a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $510,275.00. Following the sale, the insider owned 53,148 shares of the company’s stock, valued at $10,848,038.28. This trade represents a 4.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,600 shares of company stock worth $5,589,823 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EA shares. Citigroup dropped their target price on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Finally, Zacks Research cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Three analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $188.30.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.