Electronic Arts Inc. $EA Shares Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. grew its position in Electronic Arts Inc. (NASDAQ:EA) by 25.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 753,635 shares of the game software company’s stock after purchasing an additional 152,141 shares during the quarter. Electronic Arts comprises about 1.0% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 10th largest holding. Jupiter Asset Management Ltd.’s holdings in Electronic Arts were worth $120,356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EA. Salomon & Ludwin LLC increased its position in shares of Electronic Arts by 70.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after buying an additional 68 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Electronic Arts by 3.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock valued at $323,000 after acquiring an additional 72 shares during the period. Bank of Jackson Hole Trust increased its holdings in shares of Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after acquiring an additional 75 shares in the last quarter. Financial Management Professionals Inc. increased its holdings in shares of Electronic Arts by 13.6% in the second quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock worth $102,000 after acquiring an additional 76 shares in the last quarter. Finally, STF Management LP raised its position in shares of Electronic Arts by 2.0% during the second quarter. STF Management LP now owns 3,944 shares of the game software company’s stock worth $630,000 after purchasing an additional 76 shares during the period. 90.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EA has been the subject of a number of research reports. Morgan Stanley increased their target price on Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Wedbush reissued a “neutral” rating and set a $200.00 price objective on shares of Electronic Arts in a research report on Monday, September 29th. Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a report on Wednesday, October 8th. Zacks Research raised shares of Electronic Arts from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Finally, Bank of America lifted their price target on Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and a consensus target price of $181.64.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total transaction of $855,250.00. Following the sale, the chief executive officer owned 52,393 shares in the company, valued at $8,961,822.65. This represents a 8.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $171.69, for a total value of $429,225.00. Following the completion of the sale, the insider directly owned 55,592 shares of the company’s stock, valued at approximately $9,544,590.48. The trade was a 4.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 39,400 shares of company stock valued at $7,359,462. 0.24% of the stock is owned by insiders.

Electronic Arts Stock Performance

Shares of EA opened at $201.93 on Wednesday. The stock has a market capitalization of $50.36 billion, a price-to-earnings ratio of 59.04, a PEG ratio of 3.04 and a beta of 0.74. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $203.75. The firm has a fifty day simple moving average of $190.22 and a 200 day simple moving average of $167.90. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.07). The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The company’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same period last year, the firm earned $1.11 earnings per share. Research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio is 22.22%.

Electronic Arts Company 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.