Electronic Arts Inc. $EA Shares Purchased by Caxton Associates LLP

Caxton Associates LLP grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1,301.5% during the first quarter, Holdings Channel reports. The institutional investor owned 322,347 shares of the game software company’s stock after acquiring an additional 299,347 shares during the period. Electronic Arts makes up about 1.5% of Caxton Associates LLP’s holdings, making the stock its 11th largest position. Caxton Associates LLP’s holdings in Electronic Arts were worth $65,717,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in EA. Ascentis Independent Advisors acquired a new position in shares of Electronic Arts during the first quarter valued at approximately $27,000. MV Capital Management Inc. acquired a new stake in Electronic Arts in the fourth quarter worth approximately $28,000. Asset Planning Inc acquired a new stake in Electronic Arts in the first quarter worth approximately $32,000. Whipplewood Advisors LLC bought a new position in Electronic Arts during the 1st quarter valued at $32,000. Finally, Fideuram Asset Management Ireland dac bought a new position in Electronic Arts during the 4th quarter valued at $44,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction that occurred on 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 sale, the insider owned 26,360 shares in the company, valued at approximately $5,351,080. This represents a 4.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,066 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.66, for a total transaction of $1,021,609.56. Following the completion of the transaction, the chief executive officer directly owned 85,974 shares of the company’s stock, valued at $17,337,516.84. This represents a 5.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 31,206 shares of company stock valued at $6,292,058. Company insiders own 0.24% of the company’s stock.

Electronic Arts Trading Up 0.0%

Shares of NASDAQ EA opened at $209.00 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. Electronic Arts Inc. has a 12 month low of $146.97 and a 12 month high of $209.34. The company has a market cap of $52.41 billion, a price-to-earnings ratio of 59.89, a P/E/G ratio of 2.34 and a beta of 0.64. The business has a fifty day simple moving average of $204.08 and a 200-day simple moving average of $202.76.

Electronic Arts Announces Dividend

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

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.