Neo Ivy Capital Management Takes $359,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Neo Ivy Capital Management purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,454 shares of the game software company's stock, valued at approximately $359,000.

Several other institutional investors have also modified their holdings of the company. Capital International Investors lifted its stake in Electronic Arts by 5.2% in the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock valued at $1,778,553,000 after buying an additional 605,796 shares in the last quarter. Geode Capital Management LLC lifted its stake in Electronic Arts by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock valued at $978,650,000 after buying an additional 30,929 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Electronic Arts by 6.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock valued at $648,169,000 after buying an additional 270,991 shares in the last quarter. Northern Trust Corp lifted its stake in Electronic Arts by 12.4% in the 4th quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company's stock valued at $476,540,000 after buying an additional 360,563 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Electronic Arts by 3.9% in the 4th quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock valued at $472,362,000 after buying an additional 120,632 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the transaction, the chief executive officer now owns 32,615 shares of the company's stock, valued at approximately $4,647,637.50. This represents a 13.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the transaction, the insider now directly owns 26,216 shares in the company, valued at $3,801,320. This represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,729 shares of company stock valued at $4,107,664 over the last quarter. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Stock Performance

Shares of EA traded up $0.02 during mid-day trading on Tuesday, reaching $146.91. 4,489,503 shares of the company's stock traded hands, compared to its average volume of 2,738,403. The business's 50-day moving average price is $145.59 and its 200-day moving average price is $144.68. The stock has a market capitalization of $36.84 billion, a P/E ratio of 37.38, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts's payout ratio is 17.92%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EA. BNP Paribas lowered Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price target on the stock. in a research note on Monday, January 27th. TD Cowen upped their price objective on Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Citigroup lowered their price target on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Moffett Nathanson reiterated a "neutral" rating and issued a $163.00 price target on shares of Electronic Arts in a report on Wednesday, May 7th. Finally, Robert W. Baird set a $168.00 price target on Electronic Arts in a report on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of "Hold" and an average price target of $161.29.

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.