Soros Capital Management LLC Acquires New Shares in Electronic Arts Inc. (NASDAQ:EA)

Soros Capital Management LLC bought a new position in Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 59,800 shares of the game software company’s stock, valued at approximately $8,749,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Pinnacle Bancorp Inc. lifted its holdings in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after acquiring an additional 117 shares during the period. Whipplewood Advisors LLC bought a new stake in Electronic Arts during the fourth quarter valued at approximately $32,000. Millstone Evans Group LLC purchased a new stake in Electronic Arts during the fourth quarter valued at approximately $37,000. SBI Securities Co. Ltd. purchased a new position in shares of Electronic Arts during the 4th quarter worth $41,000. Finally, OFI Invest Asset Management bought a new stake in shares of Electronic Arts during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total value of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares of the company’s stock, valued at approximately $6,080,308.20. This trade represents a 10.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total transaction of $218,475.00. Following the transaction, the executive vice president now owns 19,033 shares of the company’s stock, valued at $2,772,156.45. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock worth $3,019,290 over the last quarter. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Stifel Nicolaus reduced their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Bank of America lifted their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Oppenheimer decreased their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Morgan Stanley decreased their price target on Electronic Arts from $150.00 to $135.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, BNP Paribas cut Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a research report on Monday, January 27th. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Electronic Arts has an average rating of “Hold” and an average price target of $154.65.

Electronic Arts Stock Up 1.8 %

NASDAQ:EA opened at $145.61 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market capitalization of $37.95 billion, a P/E ratio of 37.05, a P/E/G ratio of 3.58 and a beta of 0.79. The company’s 50-day simple moving average is $137.83 and its 200-day simple moving average is $144.41. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, equities analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

About Electronic Arts

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.