Electronic Arts Inc. (NASDAQ:EA) Holdings Raised by Park Avenue Securities LLC

Park Avenue Securities LLC grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 166.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,546 shares of the game software company’s stock after purchasing an additional 6,595 shares during the period. Park Avenue Securities LLC’s holdings in Electronic Arts were worth $1,399,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its position in Electronic Arts by 16.3% during the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after buying an additional 3,600,388 shares during the period. Capital International Investors raised its position in Electronic Arts by 8.3% during the fourth quarter. Capital International Investors now owns 5,067,765 shares of the game software company’s stock valued at $693,318,000 after buying an additional 386,630 shares during the period. FIL Ltd raised its position in Electronic Arts by 4.4% during the fourth quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock valued at $469,011,000 after buying an additional 145,466 shares during the period. Morgan Stanley raised its position in Electronic Arts by 13.0% during the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after buying an additional 389,063 shares during the period. Finally, DNB Asset Management AS raised its position in Electronic Arts by 82.3% during the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after buying an additional 1,064,022 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $141.23 on Tuesday. The business’s 50-day simple moving average is $131.63 and its 200-day simple moving average is $134.84. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53. The firm has a market cap of $37.53 billion, a price-to-earnings ratio of 30.18, a P/E/G ratio of 2.20 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.37 and a current ratio of 1.37.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. As a group, equities research analysts expect that Electronic Arts Inc. will post 5.7 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.54%. Electronic Arts’s payout ratio is 16.24%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $132.82, for a total value of $106,256.00. Following the completion of the sale, the insider now owns 27,083 shares in the company, valued at approximately $3,597,164.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $132.82, for a total value of $106,256.00. Following the completion of the sale, the insider now owns 27,083 shares in the company, valued at approximately $3,597,164.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Eric Charles Kelly sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $133.75, for a total value of $401,250.00. Following the completion of the sale, the chief accounting officer now owns 7,458 shares of the company’s stock, valued at approximately $997,507.50. The disclosure for this sale can be found here. Insiders sold a total of 21,039 shares of company stock worth $2,763,319 in the last 90 days. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EA has been the topic of several research reports. Roth Mkm dropped their target price on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. StockNews.com lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Stifel Nicolaus upped their target price on Electronic Arts from $150.00 to $163.00 and gave the stock a “buy” rating in a research report on Monday. Wedbush reaffirmed an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a research report on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and an average price target of $147.50.

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.