V Square Quantitative Management LLC Invests $1.09 Million in Electronic Arts Inc. $EA

Key Points

• V Square Quantitative Management LLC initiated a new position in Electronic Arts in Q4, buying 5,350 shares valued at approximately $1.09 million.
• EA is heavily institutionally held—about 90.23% owned by hedge funds and other institutions—and carries a MarketBeat consensus rating of "Hold" with a $188.30 price target versus a recent share price near $202.
• Company insiders have been net sellers: CEO Andrew Wilson sold 5,000 shares and insiders disposed of 27,600 shares (~$5.55 million) over the past 90 days, leaving insiders with roughly 0.24% ownership.

V Square Quantitative Management LLC purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,350 shares of the game software company's stock, valued at approximately $1,093,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Walter Public Investments Inc. boosted its position in shares of Electronic Arts by 41.7% in the 3rd quarter. Walter Public Investments Inc. now owns 48,017 shares of the game software company's stock worth $9,685,000 after buying an additional 14,134 shares in the last quarter. NatWest Group plc purchased a new position in shares of Electronic Arts during the 3rd quarter worth about $10,414,000. Great Lakes Advisors LLC acquired a new stake in Electronic Arts during the 3rd quarter worth approximately $1,025,000. Principal Financial Group Inc. increased its position in Electronic Arts by 35.4% during the 3rd quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company's stock worth $78,859,000 after purchasing an additional 102,248 shares in the last quarter. Finally, Greenland Capital Management LP acquired a new stake in Electronic Arts during the 3rd quarter worth approximately $5,569,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Stock Down 0.9%

EA opened at $202.20 on Friday. The business has a 50 day moving average price of $201.18 and a 200 day moving average price of $201.06. Electronic Arts Inc. has a twelve month low of $135.43 and a twelve month high of $204.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $50.60 billion, a P/E ratio of 76.02, a price-to-earnings-growth ratio of 2.20 and a beta of 0.73.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders 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 dividend yield of 0.4%. Electronic Arts's payout ratio is currently 28.57%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group reaffirmed a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup cut their target price on Electronic Arts from $207.00 to $202.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $188.30.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $199.95, for a total transaction of $999,750.00. Following the transaction, the chief executive officer owned 28,858 shares of the company's stock, valued at $5,770,157.10. This represents a 14.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stuart Canfield sold 1,500 shares of the company's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total value of $299,850.00. Following the transaction, the chief financial officer directly owned 5,897 shares in the company, valued at $1,178,810.30. This trade represents a 20.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 27,600 shares of company stock valued at $5,553,319. 0.24% of the stock is currently owned by 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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