Harvest Fund Management Co. Ltd Has $3.83 Million Position in Electronic Arts Inc. $EA

Harvest Fund Management Co. Ltd increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 21.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,737 shares of the game software company’s stock after purchasing an additional 3,318 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Electronic Arts were worth $3,829,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. boosted its holdings in shares of Electronic Arts by 100.0% during the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares during the period. Fideuram Asset Management Ireland dac acquired a new stake in shares of Electronic Arts during the fourth quarter worth approximately $44,000. Geneos Wealth Management Inc. boosted its holdings in shares of 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 purchasing an additional 190 shares during the period. Salomon & Ludwin LLC boosted its holdings in shares of Electronic Arts by 32.8% during the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after purchasing an additional 57 shares during the period. Finally, Asset Dedication LLC boosted its holdings in shares of Electronic Arts by 333.3% during the third quarter. Asset Dedication LLC now owns 260 shares of the game software company’s stock worth $52,000 after purchasing an additional 200 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Citigroup raised their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $196.64.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,066 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.66, for a total value of $1,021,609.56. Following the completion of the sale, the chief executive officer directly owned 85,974 shares in the company, valued at approximately $17,337,516.84. This represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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. Also, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $200.81, for a total transaction of $240,972.00. Following the completion of the sale, the insider owned 27,560 shares of the company’s stock, valued at $5,534,323.60. This represents a 4.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 39,906 shares of company stock valued at $8,032,336 in the last three months. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Stock Performance

EA stock opened at $203.40 on Friday. The company has a market capitalization of $51.00 billion, a price-to-earnings ratio of 58.28, a P/E/G ratio of 2.23 and a beta of 0.65. Electronic Arts Inc. has a 12 month low of $145.54 and a 12 month high of $204.88. The firm has a 50 day moving average of $202.20 and a two-hundred day moving average of $202.29. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 21.78%.

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.