Davidson Kempner Capital Management LP Buys Shares of 144,000 Electronic Arts Inc. (NASDAQ:EA)

Davidson Kempner Capital Management LP purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 144,000 shares of the game software company’s stock, valued at approximately $20,068,000. Davidson Kempner Capital Management LP owned about 0.05% of Electronic Arts at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after buying an additional 3,727,251 shares during the period. Capital International Investors boosted its position in shares of Electronic Arts by 16.4% during the 1st quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock worth $782,920,000 after purchasing an additional 833,492 shares during the period. Ninety One UK Ltd increased its holdings in Electronic Arts by 1.3% in the 2nd quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock valued at $596,825,000 after purchasing an additional 53,237 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Electronic Arts by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after purchasing an additional 18,376 shares during the period. Finally, FIL Ltd lifted its stake 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 worth $469,011,000 after purchasing an additional 145,466 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Down 0.8 %

NASDAQ:EA opened at $139.55 on Monday. The stock’s 50 day moving average price is $146.15 and its 200 day moving average price is $137.73. The company has a market capitalization of $37.08 billion, a PE ratio of 29.82, a P/E/G ratio of 1.97 and a beta of 0.79. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $153.51. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. On average, research analysts anticipate that Electronic Arts Inc. will post 5.89 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.54%. Electronic Arts’s dividend payout ratio is currently 16.24%.

Insider Activity

In other news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the sale, the insider now directly owns 38,574 shares in the company, valued at approximately $5,389,173.54. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the transaction, the insider now owns 38,574 shares in the company, valued at $5,389,173.54. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total transaction of $350,650.00. Following the completion of the sale, the chief executive officer now owns 61,747 shares in the company, valued at $8,660,634.22. The disclosure for this sale can be found here. Insiders sold 28,570 shares of company stock valued at $4,183,508 in the last three months. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Citigroup cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $148.00 to $161.00 in a report on Monday, July 15th. Stifel Nicolaus raised their price target on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Raymond James upped their price objective on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Bank of America lifted their target price on Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.94.

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.