Electronic Arts Inc. $EA Shares Sold by R Squared Ltd

R Squared Ltd lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 18.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,953 shares of the game software company’s stock after selling 3,151 shares during the quarter. Electronic Arts accounts for approximately 1.6% of R Squared Ltd’s investment portfolio, making the stock its 4th biggest position. R Squared Ltd’s holdings in Electronic Arts were worth $2,845,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Electronic Arts by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock worth $5,879,205,000 after purchasing an additional 485,030 shares during the period. Pentwater Capital Management LP boosted its stake in shares of Electronic Arts by 128.1% in the fourth quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock valued at $2,237,414,000 after buying an additional 6,150,000 shares during the period. Geode Capital Management LLC grew its position in Electronic Arts by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock worth $1,382,030,000 after buying an additional 143,195 shares in the last quarter. Ameriprise Financial Inc. grew its position in Electronic Arts by 8.9% during the third quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock worth $926,194,000 after buying an additional 374,840 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Electronic Arts by 4.9% during the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock worth $870,328,000 after acquiring an additional 202,657 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the completion of the sale, the insider directly owned 26,360 shares in the company, valued at $5,351,080. This represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total transaction of $302,040.00. Following the transaction, the chief financial officer directly owned 25,991 shares of the company’s stock, valued at $5,233,547.76. This represents a 5.46% 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. In the last three months, insiders have sold 39,906 shares of company stock worth $8,060,033. Company insiders own 0.24% of the company’s stock.

Electronic Arts Trading Up 0.3%

Shares of EA stock traded up $0.52 on Tuesday, hitting $205.72. The company had a trading volume of 575,435 shares, compared to its average volume of 2,224,517. Electronic Arts Inc. has a twelve month low of $146.97 and a twelve month high of $206.01. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $51.59 billion, a P/E ratio of 58.95, a P/E/G ratio of 2.31 and a beta of 0.64. The stock’s 50-day moving average is $202.50 and its two-hundred day moving average is $202.47.

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 given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Electronic Arts’s dividend payout ratio is currently 21.78%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup boosted their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Finally, Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Electronic Arts currently has an average rating of “Hold” and a consensus target price of $196.64.

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.