7,292 Shares in Electronic Arts Inc. $EA Bought by Stevens Capital Management LP

Stevens Capital Management LP acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to its most recent filing with the SEC. The firm acquired 7,292 shares of the game software company’s stock, valued at approximately $1,165,000.

A number of other large investors also recently bought and sold shares of EA. Rhumbline Advisers lifted its stake in shares of Electronic Arts by 2.0% in the 2nd quarter. Rhumbline Advisers now owns 552,630 shares of the game software company’s stock worth $88,255,000 after acquiring an additional 11,013 shares during the period. Mufg Securities Americas Inc. raised its holdings in Electronic Arts by 20.5% during the second quarter. Mufg Securities Americas Inc. now owns 5,057 shares of the game software company’s stock worth $808,000 after purchasing an additional 859 shares in the last quarter. Evelyn Partners Investment Management Services Ltd raised its holdings in Electronic Arts by 9,082.0% during the second quarter. Evelyn Partners Investment Management Services Ltd now owns 12,212 shares of the game software company’s stock worth $1,966,000 after purchasing an additional 12,079 shares in the last quarter. Journey Strategic Wealth LLC acquired a new stake in Electronic Arts in the second quarter valued at about $400,000. Finally, Mediolanum International Funds Ltd boosted its holdings in Electronic Arts by 97.5% in the 2nd quarter. Mediolanum International Funds Ltd now owns 92,952 shares of the game software company’s stock valued at $14,662,000 after purchasing an additional 45,880 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $172.79, for a total value of $863,950.00. Following the completion of the transaction, the chief executive officer directly owned 47,393 shares of the company’s stock, valued at $8,189,036.47. The trade was a 9.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total value of $504,475.00. Following the completion of the sale, the insider owned 53,092 shares in the company, valued at $10,713,434.68. This represents a 4.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 42,400 shares of company stock worth $8,175,651. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on EA shares. TD Cowen downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Arete raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price objective on the stock in a report on Tuesday, August 5th. Morgan Stanley increased their price objective on Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Baird R W downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, BMO Capital Markets boosted their target price on shares of Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $181.64.

Electronic Arts Stock Performance

Shares of EA opened at $200.69 on Friday. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75. The stock has a market cap of $50.05 billion, a P/E ratio of 58.68, a PEG ratio of 3.04 and a beta of 0.74. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $195.40 and a two-hundred day moving average of $170.57.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company earned $1.11 earnings per share. The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. As a group, research analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 22.22%.

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.