V Square Quantitative Management LLC Has $1.36 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

V Square Quantitative Management LLC boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,481 shares of the game software company’s stock after buying an additional 500 shares during the period. V Square Quantitative Management LLC’s holdings in Electronic Arts were worth $1,360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Electronic Arts by 14.7% in the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after purchasing an additional 3,727,251 shares in the last quarter. Capital International Investors grew its stake in shares of Electronic Arts by 16.4% in the 1st quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock valued at $782,920,000 after buying an additional 833,492 shares in the last quarter. Ninety One UK Ltd increased its holdings in Electronic Arts by 1.3% in the second quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock worth $596,825,000 after buying an additional 53,237 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Electronic Arts by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after acquiring an additional 18,376 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Electronic Arts by 2.1% in the second quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock valued at $367,789,000 after acquiring an additional 53,800 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EA shares. Stifel Nicolaus raised their price target on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Jefferies Financial Group initiated coverage on Electronic Arts in a research note on Thursday, July 11th. They set a “buy” rating and a $165.00 price target for the company. Raymond James boosted their target price on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating and set a $154.00 target price on shares of Electronic Arts in a research report on Wednesday. Finally, TD Cowen lifted their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Nine investment 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $161.94.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the transaction, the insider now directly owns 31,190 shares in the company, valued at $4,675,692.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $142.42, for a total value of $356,050.00. Following the completion of the sale, the chief executive officer now directly owns 59,247 shares in the company, valued at approximately $8,437,957.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 7,384 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the transaction, the insider now owns 31,190 shares in the company, valued at approximately $4,675,692.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,770 shares of company stock worth $3,643,785 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Performance

Electronic Arts stock traded down $0.47 on Friday, hitting $143.73. The company’s stock had a trading volume of 181,129 shares, compared to its average volume of 2,055,136. Electronic Arts Inc. has a one year low of $119.92 and a one year high of $153.51. The firm has a market cap of $38.19 billion, a P/E ratio of 30.81, a price-to-earnings-growth ratio of 1.95 and a beta of 0.79. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average price of $145.21 and a 200-day moving average price of $138.94.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. On average, equities analysts anticipate that Electronic Arts Inc. will post 5.93 earnings per share for the current year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

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.