R Squared Ltd Acquires Shares of 17,104 Electronic Arts Inc. $EA

R Squared Ltd acquired a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,104 shares of the game software company's stock, valued at approximately $3,495,000. Electronic Arts makes up approximately 1.6% of R Squared Ltd's holdings, making the stock its 4th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EA. Brighton Jones LLC increased its holdings in Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company's stock valued at $500,000 after buying an additional 294 shares in the last quarter. Empowered Funds LLC increased its holdings in Electronic Arts by 167.0% in the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company's stock valued at $2,790,000 after buying an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company's stock worth $46,000 after purchasing an additional 190 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Electronic Arts during the second quarter worth about $2,323,000. Finally, NewEdge Advisors LLC increased its stake in shares of Electronic Arts by 96.4% during the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company's stock worth $490,000 after purchasing an additional 1,505 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Down 0.1%

EA stock opened at $202.45 on Tuesday. The stock has a market capitalization of $50.66 billion, a P/E ratio of 76.11, a P/E/G ratio of 2.18 and a beta of 0.73. Electronic Arts Inc. has a 52 week low of $141.19 and a 52 week high of $204.88. The firm has a 50-day simple moving average of $201.68 and a 200-day simple moving average of $202.15. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24.

Electronic Arts Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on EA shares. Citigroup cut their target price on shares of Electronic Arts from $207.00 to $202.00 and set a "neutral" rating for the company in a research note on Wednesday, February 4th. UBS Group reissued a "neutral" rating on shares of Electronic Arts in a research note 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 given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $188.30.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $199.95, for a total transaction of $999,750.00. Following the transaction, the chief executive officer directly owned 28,858 shares in the company, valued at approximately $5,770,157.10. The trade was a 14.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the business's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $203.25, for a total transaction of $243,900.00. Following the transaction, the insider owned 28,760 shares in the company, valued at $5,845,470. The trade was a 4.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 27,600 shares of company stock valued at $5,544,159. Insiders own 0.24% of the company's stock.

Electronic Arts 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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