Aware Super Pty Ltd as trustee of Aware Super Makes New $4.67 Million Investment in Electronic Arts Inc. $EA

Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Electronic Arts Inc. (NASDAQ:EA) in the first quarter, HoldingsChannel reports. The fund bought 22,881 shares of the game software company’s stock, valued at approximately $4,665,000.

Other hedge funds also recently modified their holdings of the company. Ascentis Independent Advisors acquired a new position in shares of Electronic Arts in the 1st quarter valued at approximately $27,000. MV Capital Management Inc. bought a new stake in Electronic Arts during the 4th quarter worth about $28,000. Asset Planning Inc bought a new position in Electronic Arts in the first quarter valued at approximately $32,000. Whipplewood Advisors LLC acquired a new position in Electronic Arts during the first quarter worth $32,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of Electronic Arts in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on EA shares. Zacks Research downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Citigroup boosted their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Two equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $196.64.

Electronic Arts Stock Performance

Shares of EA opened at $208.90 on Friday. The firm has a market cap of $52.38 billion, a PE ratio of 59.86, a PEG ratio of 2.33 and a beta of 0.64. The stock’s fifty day moving average price is $203.38 and its two-hundred day moving average price is $202.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. Electronic Arts Inc. has a 1 year low of $146.97 and a 1 year high of $209.19.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 21.78%.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.00, for a total value of $243,600.00. Following the completion of the transaction, the insider owned 26,360 shares in the company, valued at $5,351,080. This trade represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jacob J. Schatz sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the completion of the sale, the executive vice president directly owned 42,287 shares in the company, valued at approximately $8,507,721.53. This trade represents a 10.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 31,206 shares of company stock worth $6,292,058 in the last ninety days. 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.