Trexquant Investment LP Sells 3,984 Shares of Electronic Arts Inc. $EA

Key Points

• Trexquant Investment LP sold 3,984 shares of Electronic Arts Inc., reducing its holdings by 5.3% to a total of 71,137 shares valued at approximately $10.28 million.
• Insider trading activity included Vijayanthimala Singh selling 1,200 shares and Laura Miele selling 2,500 shares, representing decreases in their ownership positions of 3.23% and 4.13% respectively.
• Electronic Arts announced a quarterly dividend of $0.19 per share, with the ex-dividend date on August 27th, reflecting an annualized yield of 0.4%.

Trexquant Investment LP trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,137 shares of the game software company's stock after selling 3,984 shares during the period. Trexquant Investment LP's holdings in Electronic Arts were worth $10,281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in EA. Nomura Holdings Inc. grew its stake in Electronic Arts by 11.7% during the fourth quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company's stock worth $4,566,000 after buying an additional 3,259 shares in the last quarter. CCM Investment Group LLC acquired a new stake in Electronic Arts during the first quarter worth about $1,625,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Electronic Arts by 2.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company's stock worth $94,456,000 after acquiring an additional 13,461 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its position in shares of Electronic Arts by 5.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 105,892 shares of the game software company's stock worth $15,300,000 after acquiring an additional 5,275 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Electronic Arts by 11,587.9% during the 1st quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company's stock worth $96,737,000 after acquiring an additional 663,640 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

Wall Street Analyst Weigh In

EA has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Robert W. Baird boosted their target price on Electronic Arts from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Hsbc Global Res upgraded shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Wedbush reissued an "outperform" rating and issued a $210.00 price objective on shares of Electronic Arts in a research note on Monday, August 25th. Finally, TD Cowen upped their price target on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $167.12.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $172.26, for a total transaction of $206,712.00. Following the transaction, the insider directly owned 35,931 shares in the company, valued at approximately $6,189,474.06. This trade represents a 3.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Friday, August 1st. The stock was sold at an average price of $155.49, for a total value of $388,725.00. Following the sale, the insider owned 58,092 shares in the company, valued at $9,032,725.08. The trade was a 4.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,400 shares of company stock valued at $4,349,372. 0.24% of the stock is currently owned by insiders.

Electronic Arts Trading Down 0.3%

NASDAQ EA traded down $0.50 during mid-day trading on Tuesday, reaching $171.45. 2,359,112 shares of the stock were exchanged, compared to its average volume of 3,447,553. The stock has a market cap of $42.90 billion, a P/E ratio of 42.97, a P/E/G ratio of 2.22 and a beta of 0.75. 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 Inc. has a one year low of $115.21 and a one year high of $180.90. The stock has a 50 day simple moving average of $160.89 and a 200-day simple moving average of $149.54.

Electronic Arts Announces Dividend

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

Electronic Arts Company 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.