Capital Fund Management S.A. Buys 247,965 Shares of Electronic Arts Inc. $EA

Key Points

• Capital Fund Management S.A. increased its stake in Electronic Arts Inc. by 261.5%, acquiring an additional 247,965 shares to bring its total holdings to 342,783 shares, valued at approximately $49.5 million.
• Analysts have raised their price targets for Electronic Arts, with Oppenheimer setting a new target of $185.00, while the average consensus price target is currently $167.12.
• Insiders at Electronic Arts, including CEO Andrew Wilson, have recently sold shares, with total insider sales amounting to $3.1 million in the last ninety days.

Capital Fund Management S.A. lifted its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 261.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 342,783 shares of the game software company's stock after purchasing an additional 247,965 shares during the period. Capital Fund Management S.A. owned 0.13% of Electronic Arts worth $49,539,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EA. Nuveen LLC bought a new position in shares of Electronic Arts in the 1st quarter worth $203,537,000. Goldman Sachs Group Inc. boosted its position in shares of Electronic Arts by 62.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock worth $470,197,000 after purchasing an additional 1,254,194 shares during the last quarter. ING Groep NV boosted its position in shares of Electronic Arts by 3,477.8% in the 1st quarter. ING Groep NV now owns 1,163,747 shares of the game software company's stock worth $168,185,000 after purchasing an additional 1,131,220 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Electronic Arts by 689.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,238,496 shares of the game software company's stock worth $178,987,000 after purchasing an additional 1,081,589 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Electronic Arts by 1,366.6% in the 1st quarter. Pacer Advisors Inc. now owns 1,118,685 shares of the game software company's stock worth $161,672,000 after purchasing an additional 1,042,407 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EA. DA Davidson raised their price objective on Electronic Arts from $150.00 to $160.00 and gave the stock a "neutral" rating in a research note on Monday, August 11th. Oppenheimer raised their price objective on Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. HSBC raised Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 price objective on the stock in a research note on Wednesday, May 7th. UBS Group set a $167.00 price objective on Electronic Arts and gave the stock a "neutral" rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company set a $168.00 price objective on Electronic Arts and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $167.12.

Electronic Arts Stock Down 0.1%

Shares of EA traded down $0.15 during midday trading on Friday, hitting $171.40. The stock had a trading volume of 1,707,305 shares, compared to its average volume of 3,402,479. The company has a 50 day simple moving average of $158.41 and a two-hundred day simple moving average of $147.58. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $180.90. The firm has a market cap of $42.89 billion, a price-to-earnings ratio of 42.96, a price-to-earnings-growth ratio of 2.21 and a beta of 0.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts's dividend payout ratio (DPR) is currently 19.05%.

Insider Transactions at Electronic Arts

In other news, CFO Stuart Canfield sold 1,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $171.06, for a total value of $171,060.00. Following the completion of the transaction, the chief financial officer owned 15,140 shares in the company, valued at $2,589,848.40. This trade represents a 6.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,200 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $174.65, for a total value of $209,580.00. Following the completion of the transaction, the executive vice president owned 27,248 shares of the company's stock, valued at $4,758,863.20. The trade was a 4.22% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,200 shares of company stock worth $4,142,660. 0.24% of the stock is currently owned by company insiders.

Electronic Arts 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.