Lighthouse Investment Partners LLC Acquires 54,400 Shares of Electronic Arts Inc. $EA

Lighthouse Investment Partners LLC raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 3,839.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,817 shares of the game software company’s stock after purchasing an additional 54,400 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Electronic Arts were worth $11,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after buying an additional 294 shares during the period. Empowered Funds LLC grew its position in Electronic Arts by 167.0% in the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock valued at $2,790,000 after acquiring an additional 12,076 shares during the period. Geneos Wealth Management Inc. raised its stake in Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after acquiring an additional 190 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Electronic Arts during the second quarter worth $252,000. Finally, Allworth Financial LP lifted its holdings in shares of Electronic Arts by 72.3% during the second quarter. Allworth Financial LP now owns 2,014 shares of the game software company’s stock valued at $322,000 after acquiring an additional 845 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Price Performance

Electronic Arts stock opened at $199.24 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $49.86 billion, a P/E ratio of 74.90, a P/E/G ratio of 2.37 and a beta of 0.75. The business’s fifty day moving average is $201.93 and its two-hundred day moving average is $197.27. Electronic Arts Inc. has a 52 week low of $131.15 and a 52 week high of $204.88.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

Wall Street Analysts Forecast Growth

EA has been the topic of several recent analyst reports. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Citigroup cut their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Finally, Zacks Research lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Three analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $188.30.

Insiders Place Their Bets

In related news, CFO Stuart Canfield sold 1,500 shares of the company’s 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 transaction, the chief financial officer owned 5,897 shares in the company, valued at $1,178,810.30. This represents a 20.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $200.63, for a total transaction of $240,756.00. Following the sale, the insider directly owned 31,160 shares in the company, valued at approximately $6,251,630.80. This represents a 3.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 18,900 shares of company stock valued at $3,814,066. 0.24% of the stock is owned by corporate insiders.

Electronic Arts Company 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.