Soros Capital Management LLC Invests $8.75 Million in Electronic Arts Inc. (NASDAQ:EA)

Soros Capital Management LLC bought a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 59,800 shares of the game software company's stock, valued at approximately $8,749,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EA. Swedbank AB lifted its holdings in Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock worth $235,224,000 after acquiring an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Electronic Arts during the fourth quarter worth about $217,000. Huntington National Bank lifted its holdings in shares of Electronic Arts by 31.4% during the 4th quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock valued at $49,577,000 after purchasing an additional 80,968 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Electronic Arts by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock worth $213,089,000 after purchasing an additional 36,153 shares in the last quarter. Finally, Fisher Funds Management LTD acquired a new stake in Electronic Arts during the 4th quarter worth approximately $3,730,000. Institutional investors own 90.23% of the company's stock.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the completion of the sale, the insider now directly owns 47,514 shares in the company, valued at $6,216,256.62. This represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total value of $218,475.00. Following the transaction, the executive vice president now directly owns 19,033 shares of the company's stock, valued at $2,772,156.45. This trade represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock worth $3,032,740 in the last 90 days. Company insiders own 0.22% of the company's stock.

Electronic Arts Stock Performance

Shares of Electronic Arts stock traded up $0.41 on Friday, hitting $146.60. The stock had a trading volume of 1,836,648 shares, compared to its average volume of 2,644,747. The stock has a market cap of $38.21 billion, a price-to-earnings ratio of 37.30, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The business's 50 day moving average is $139.36 and its two-hundred day moving average is $144.46.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's dividend payout ratio is currently 19.34%.

Analyst Ratings Changes

Several research analysts have recently weighed in on EA shares. Benchmark upped their price target on shares of Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a report on Monday, March 24th. Stifel Nicolaus lowered their target price on Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. Bank of America boosted their price target on Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Robert W. Baird dropped their target price on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a research report on Thursday, January 23rd. Finally, Citigroup cut their target price on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Electronic Arts presently has a consensus rating of "Hold" and an average price target of $154.22.

About Electronic Arts

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.