OFI Invest Asset Management Purchases Shares of 42,796 Electronic Arts Inc. $EA

Key Points

• OFI Invest Asset Management purchased a new stake of 42,796 shares of Electronic Arts (NASDAQ:EA) in Q4, valued at approximately $8.745 million.
• Institutional ownership is 90.23%, with large funds such as Pentwater, Ameriprise, Invesco, First Trust and AQR recently adding or increasing sizable EA positions.
• EA trades near $202 with a $50.6 billion market cap and a 52‑week range of $135.43–$204.88; analysts have a consensus "Hold" (average target $188.30), the company pays a $0.19 quarterly dividend (0.4% yield), and insiders have been net sellers recently.

OFI Invest Asset Management purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 42,796 shares of the game software company's stock, valued at approximately $8,745,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Pentwater Capital Management LP bought a new position in shares of Electronic Arts in the 3rd quarter worth approximately $968,160,000. Ameriprise Financial Inc. raised its position in shares of Electronic Arts by 8.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company's stock worth $926,194,000 after acquiring an additional 374,840 shares in the last quarter. Invesco Ltd. raised its position in shares of Electronic Arts by 4.9% in the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company's stock worth $870,328,000 after acquiring an additional 202,657 shares in the last quarter. First Trust Advisors LP raised its position in shares of Electronic Arts by 26.3% in the 3rd quarter. First Trust Advisors LP now owns 3,069,543 shares of the game software company's stock worth $619,127,000 after acquiring an additional 638,667 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Electronic Arts by 41.2% in the 2nd quarter. AQR Capital Management LLC now owns 2,004,017 shares of the game software company's stock worth $316,645,000 after acquiring an additional 584,672 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Down 0.9%

Shares of NASDAQ:EA opened at $202.20 on Friday. Electronic Arts Inc. has a 52-week low of $135.43 and a 52-week high of $204.88. The firm has a market capitalization of $50.60 billion, a P/E ratio of 76.02, a P/E/G ratio of 2.20 and a beta of 0.73. The stock has a 50 day moving average price of $201.18 and a 200-day moving average price of $201.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th were paid a $0.19 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts's dividend payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EA shares. UBS Group reissued a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup decreased their target price on Electronic Arts from $207.00 to $202.00 and set a "neutral" rating for the company in a research report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Electronic Arts has a consensus rating of "Hold" and an average price target of $188.30.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,200 shares of the company's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $199.69, for a total value of $239,628.00. Following the sale, the insider owned 29,960 shares in the company, valued at $5,982,712.40. This represents a 3.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total value of $299,850.00. Following the completion of the sale, the chief financial officer owned 5,897 shares in the company, valued at $1,178,810.30. The trade was a 20.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 27,600 shares of company stock worth $5,553,319. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Company Profile

Electronic Arts Inc NASDAQ: EA is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA's product lineup spans several well-known franchises and genres.

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