Polar Capital Holdings Plc Acquires New Shares in Electronic Arts Inc. (NASDAQ:EA)

Polar Capital Holdings Plc bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 333,602 shares of the game software company's stock, valued at approximately $48,806,000. Polar Capital Holdings Plc owned approximately 0.13% of Electronic Arts as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. ProShare Advisors LLC raised its holdings in shares of Electronic Arts by 17.8% in the fourth quarter. ProShare Advisors LLC now owns 335,092 shares of the game software company's stock valued at $49,024,000 after purchasing an additional 50,538 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Electronic Arts by 117.3% in the 4th quarter. Quantinno Capital Management LP now owns 55,986 shares of the game software company's stock valued at $8,191,000 after purchasing an additional 30,221 shares in the last quarter. Mufg Securities Americas Inc. bought a new position in Electronic Arts in the 4th quarter worth $516,000. Man Group plc raised its holdings in Electronic Arts by 15.1% in the fourth quarter. Man Group plc now owns 325,754 shares of the game software company's stock worth $47,658,000 after purchasing an additional 42,707 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its position in Electronic Arts by 10.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 77,531 shares of the game software company's stock valued at $11,484,000 after buying an additional 7,066 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Roth Mkm cut their price objective on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research note on Thursday, January 23rd. Benchmark upped their target price on Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Roth Capital restated a "neutral" rating on shares of Electronic Arts in a research note on Wednesday, May 7th. Ascendiant Capital Markets boosted their price target on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Finally, Hsbc Global Res raised shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Electronic Arts currently has a consensus rating of "Hold" and an average target price of $161.29.

Electronic Arts Trading Up 0.8%

NASDAQ EA traded up $1.14 on Tuesday, reaching $151.62. The company had a trading volume of 992,792 shares, compared to its average volume of 2,724,264. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market cap of $38.02 billion, a price-to-earnings ratio of 38.55, a P/E/G ratio of 3.58 and a beta of 0.74. The business has a 50 day moving average of $144.79 and a two-hundred day moving average of $144.97. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. Electronic Arts's dividend payout ratio (DPR) is presently 17.92%.

Insider Activity at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $155.57, for a total value of $388,925.00. Following the sale, the insider now directly owns 40,189 shares in the company, valued at approximately $6,252,202.73. This trade represents a 5.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares of the company's stock, valued at $3,801,320. This trade represents a 3.67% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,500 shares of company stock worth $3,342,580. Corporate insiders own 0.22% of the company's stock.

Electronic Arts 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.