Vinva Investment Management Ltd Acquires 81,803 Shares of Electronic Arts Inc. $EA

Key Points

• Vinva Investment Management Ltd raised its stake in Electronic Arts by 89.8%, acquiring 81,803 shares to hold 172,909 shares valued at about $34.94 million, making EA its 20th largest position.
• Company insiders sold a total of 27,600 shares (~$5.59 million) over the last quarter—including CEO Andrew Wilson (5,000 shares) and Laura Miele (2,500 shares)—leaving insiders with roughly 0.24% ownership.
• Electronic Arts declared a quarterly dividend of $0.19 per share (annualized $0.76, yield ~0.4%), payable March 18 with an ex-dividend date of February 25.

Vinva Investment Management Ltd raised its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 89.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 172,909 shares of the game software company's stock after acquiring an additional 81,803 shares during the quarter. Electronic Arts comprises approximately 0.7% of Vinva Investment Management Ltd's holdings, making the stock its 20th largest position. Vinva Investment Management Ltd owned about 0.07% of Electronic Arts worth $34,936,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Electronic Arts by 2.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company's stock valued at $425,000 after purchasing an additional 50 shares in the last quarter. Ballentine Partners LLC boosted its holdings in Electronic Arts by 1.2% in the third quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company's stock worth $965,000 after purchasing an additional 59 shares in the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Electronic Arts by 5.9% in the third quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company's stock worth $212,000 after purchasing an additional 59 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in Electronic Arts by 3.6% during the third quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company's stock worth $392,000 after buying an additional 67 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its position in Electronic Arts by 20.5% during the third quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company's stock worth $80,000 after buying an additional 68 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $1,020,550.00. Following the completion of the sale, the chief executive officer owned 43,858 shares in the company, valued at $8,951,856.38. This represents a 10.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $510,275.00. Following the completion of the sale, the insider directly owned 53,148 shares in the company, valued at $10,848,038.28. This trade represents a 4.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,600 shares of company stock worth $5,589,823 over the last quarter. 0.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EA has been the subject of a number of analyst reports. UBS Group reaffirmed a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup lowered their price objective on Electronic Arts from $207.00 to $202.00 and set a "neutral" rating on the stock in a report on Wednesday, February 4th. Finally, Zacks Research downgraded Electronic Arts from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 19th. Three investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Electronic Arts presently has a consensus rating of "Hold" and a consensus price target of $188.30.

Electronic Arts Stock Down 1.4%

Electronic Arts stock opened at $198.00 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. Electronic Arts Inc. has a fifty-two week low of $131.15 and a fifty-two week high of $204.88. The firm has a fifty day moving average price of $202.42 and a two-hundred day moving average price of $196.13. The firm has a market cap of $49.55 billion, a price-to-earnings ratio of 74.44, a P/E/G ratio of 2.36 and a beta of 0.75.

Electronic Arts Announces Dividend

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

About Electronic Arts

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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