V Square Quantitative Management LLC Decreases Position in Electronic Arts Inc. $EA

Key Points

• V Square Quantitative Management LLC reduced its holdings in Electronic Arts Inc. by 44.8% in Q2, now owning 5,882 shares valued at approximately $939,000.
• Multiple hedge funds increased their stakes in Electronic Arts, with MassMutual Private Wealth & Trust FSB adding 3.7% and Bank of Jackson Hole Trust raising its stake by 56.4% in earlier quarters.
• Recent analyst reports have downgraded Electronic Arts to "hold" ratings, reflecting a shift in market sentiment, while the company's average target price is now $168.64.

V Square Quantitative Management LLC lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 44.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,882 shares of the game software company's stock after selling 4,765 shares during the period. V Square Quantitative Management LLC's holdings in Electronic Arts were worth $939,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EA. MassMutual Private Wealth & Trust FSB increased its position in shares of Electronic Arts by 3.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company's stock valued at $323,000 after acquiring an additional 72 shares during the period. Financial Management Professionals Inc. raised its stake in Electronic Arts by 15.0% in the 1st quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock worth $81,000 after acquiring an additional 73 shares during the last quarter. Bank of Jackson Hole Trust raised its stake in Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock worth $30,000 after acquiring an additional 75 shares during the last quarter. Whipplewood Advisors LLC raised its stake in Electronic Arts by 34.2% in the 1st quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock worth $43,000 after acquiring an additional 76 shares during the last quarter. Finally, Clarius Group LLC raised its stake in Electronic Arts by 3.6% in the 1st quarter. Clarius Group LLC now owns 2,204 shares of the game software company's stock worth $319,000 after acquiring an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. HSBC lowered Electronic Arts from a "buy" rating to a "hold" rating and set a $191.00 target price for the company. in a research note on Monday. Citigroup restated a "neutral" rating on shares of Electronic Arts in a research note on Friday. Wedbush restated a "neutral" rating and issued a $200.00 target price on shares of Electronic Arts in a research note on Monday. Arete Research set a $192.00 price target on Electronic Arts in a research report on Tuesday, August 5th. Finally, Wall Street Zen downgraded Electronic Arts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $168.64.

Electronic Arts Trading Up 4.5%

EA stock opened at $202.05 on Tuesday. The firm has a market cap of $50.55 billion, a P/E ratio of 50.64, a PEG ratio of 2.94 and a beta of 0.75. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $203.75. The company's 50-day simple moving average is $168.65 and its 200-day simple moving average is $155.12. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

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

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total value of $855,250.00. Following the transaction, the chief executive officer directly owned 52,393 shares of the company's stock, valued at approximately $8,961,822.65. This trade represents a 8.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $171.52, for a total transaction of $205,824.00. Following the completion of the transaction, the insider directly owned 34,731 shares in the company, valued at $5,957,061.12. This trade represents a 3.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,300 shares of company stock valued at $4,519,680. 0.24% of the stock is owned by corporate insiders.

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.

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