1,281 Shares in Electronic Arts Inc. $EA Bought by Alta Advisers Ltd

Key Points

• Alta Advisers Ltd has acquired a total of 1,281 shares of Electronic Arts Inc., valued at approximately $205,000, during the second quarter.
• Institutional investors now own 90.23% of Electronic Arts' stock, with significant increases reported by firms such as Ameriprise Financial Inc. (up 197.5%) and ING Groep NV (up 3,477.8%).
• Insider transactions also occurred, with Laura Miele selling 2,500 shares for about $504,475, reflecting a 4.5% decrease in her ownership.

Alta Advisers Ltd bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,281 shares of the game software company's stock, valued at approximately $205,000.

A number of other institutional investors have also added to or reduced their stakes in EA. Ameriprise Financial Inc. increased its holdings in Electronic Arts by 197.5% during the first quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company's stock worth $421,524,000 after buying an additional 1,936,313 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in Electronic Arts during the first quarter worth $225,102,000. Nuveen LLC acquired a new position in Electronic Arts during the first quarter worth $203,537,000. Goldman Sachs Group Inc. increased its holdings in Electronic Arts by 62.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock worth $470,197,000 after buying an additional 1,254,194 shares during the last quarter. Finally, ING Groep NV increased its holdings in shares of Electronic Arts by 3,477.8% in the first quarter. ING Groep NV now owns 1,163,747 shares of the game software company's stock valued at $168,185,000 after purchasing an additional 1,131,220 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Laura Miele sold 2,500 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total value of $504,475.00. Following the completion of the sale, the insider owned 53,092 shares of the company's stock, valued at approximately $10,713,434.68. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stuart Canfield sold 6,500 shares of the company's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the sale, the chief financial officer directly owned 5,140 shares of the company's stock, valued at $1,045,476. This represents a 55.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,000 shares of company stock valued at $7,247,635 in the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Trading Down 0.0%

Shares of Electronic Arts stock opened at $200.01 on Friday. The firm has a 50-day moving average of $177.15 and a 200-day moving average of $158.60. The stock has a market cap of $50.05 billion, a PE ratio of 50.13, a PEG ratio of 3.04 and a beta of 0.77. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Electronic Arts's payout ratio is presently 19.05%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of Electronic Arts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Hsbc Global Res downgraded shares of Electronic Arts from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Argus upped their price objective on shares of Electronic Arts from $180.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, September 30th. BMO Capital Markets upped their price objective on shares of Electronic Arts from $166.00 to $210.00 and gave the company a "market perform" rating in a report on Tuesday, September 30th. Finally, DA Davidson upped their price objective on shares of Electronic Arts from $150.00 to $160.00 and gave the company a "neutral" rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Electronic Arts currently has an average rating of "Hold" and an average target price of $177.00.

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.

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