SteelPeak Wealth LLC Takes Position in Electronic Arts Inc. $EA

Key Points

• SteelPeak Wealth initiated a new position in Electronic Arts, buying 20,387 shares (~$4.17M) in the fourth quarter, and institutional investors now own about 90.23% of the stock.
• Company insiders have been net sellers recently — including Laura Miele (2,500 shares) and Vijayanthimala Singh (1,200 shares) — with 27,600 shares sold in the past 90 days; insiders now own just 0.24% of EA.
• EA trades near $203.60 with a market cap of $50.95B and a high P/E of 76.54; analysts' consensus is a "Hold" with an average target of $188.30, and the company pays a quarterly dividend of $0.19 (≈0.4% yield).

SteelPeak Wealth LLC bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,387 shares of the game software company's stock, valued at approximately $4,166,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Three Seasons Wealth LLC acquired a new position in Electronic Arts in the 4th quarter worth about $433,000. Nisa Investment Advisors LLC grew its holdings in Electronic Arts by 9.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 110,851 shares of the game software company's stock valued at $22,650,000 after purchasing an additional 9,297 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Electronic Arts by 7.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,318 shares of the game software company's stock valued at $2,314,000 after buying an additional 794 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Electronic Arts by 2.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 95,385 shares of the game software company's stock worth $19,490,000 after buying an additional 2,485 shares during the period. Finally, CIBRA Capital Ltd acquired a new position in shares of Electronic Arts during the 4th quarter worth approximately $5,009,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $199.95, for a total value of $499,875.00. Following the completion of the sale, the insider owned 45,843 shares in the company, valued at approximately $9,166,307.85. This trade represents a 5.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the business's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $199.69, for a total value of $239,628.00. Following the completion of the sale, the insider directly owned 29,960 shares in the company, valued at approximately $5,982,712.40. The trade was a 3.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 27,600 shares of company stock worth $5,553,319. Company insiders own 0.24% of the company's stock.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $203.60 on Friday. The firm has a market cap of $50.95 billion, a PE ratio of 76.54, a price-to-earnings-growth ratio of 2.19 and a beta of 0.73. 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 Inc. has a 52 week low of $131.15 and a 52 week high of $204.88. The business's fifty day simple moving average is $201.23 and its 200-day simple moving average is $200.21.

Electronic Arts Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EA shares. UBS Group reaffirmed a "neutral" rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Citigroup cut their price objective on Electronic Arts from $207.00 to $202.00 and set a "neutral" rating for the company in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $188.30.

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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