6,370 Shares in Electronic Arts Inc. (NASDAQ:EA) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 3rd quarter, Holdings Channel reports. The fund acquired 6,370 shares of the game software company’s stock, valued at approximately $914,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Electronic Arts by 14.7% during the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after purchasing an additional 3,727,251 shares in the last quarter. Capital International Investors increased its position in shares of Electronic Arts by 16.4% during the first quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock valued at $782,920,000 after acquiring an additional 833,492 shares in the last quarter. Ninety One UK Ltd raised its holdings in Electronic Arts by 1.3% in the 2nd quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock worth $596,825,000 after acquiring an additional 53,237 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Electronic Arts by 0.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after purchasing an additional 18,376 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Electronic Arts by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock worth $367,789,000 after purchasing an additional 53,800 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Down 0.6 %

Shares of NASDAQ EA opened at $144.86 on Thursday. The stock has a market capitalization of $38.49 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 1.95 and a beta of 0.79. Electronic Arts Inc. has a 52 week low of $119.92 and a 52 week high of $153.51. The firm has a 50-day moving average price of $145.14 and a 200 day moving average price of $139.33. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. Equities research analysts anticipate that Electronic Arts Inc. will post 5.93 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is currently 16.24%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EA shares. UBS Group raised their price target on shares of Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Stifel Nicolaus lifted their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird reissued an “outperform” rating and set a $170.00 price target on shares of Electronic Arts in a report on Thursday, September 19th. Jefferies Financial Group assumed coverage on Electronic Arts in a report on Thursday, July 11th. They issued a “buy” rating and a $165.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $161.94.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total transaction of $353,750.00. Following the transaction, the chief executive officer now owns 54,247 shares in the company, valued at approximately $7,675,950.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total transaction of $353,750.00. Following the sale, the chief executive officer now directly owns 54,247 shares in the company, valued at approximately $7,675,950.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the sale, the insider now owns 31,190 shares in the company, valued at approximately $4,675,692.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,270 shares of company stock worth $3,287,735. 0.22% of the stock is owned by insiders.

Electronic Arts Profile

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.