Capula Management Ltd Boosts Stock Position in Electronic Arts Inc. $EA

Capula Management Ltd lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 12.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 148,098 shares of the game software company’s stock after purchasing an additional 15,948 shares during the period. Electronic Arts makes up about 0.2% of Capula Management Ltd’s investment portfolio, making the stock its 18th biggest position. Capula Management Ltd’s holdings in Electronic Arts were worth $30,193,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Transmarket Holdings LP acquired a new position in Electronic Arts during the first quarter worth $343,000. CI Investments Inc. increased its stake in shares of Electronic Arts by 17.1% in the 1st quarter. CI Investments Inc. now owns 3,573 shares of the game software company’s stock worth $728,000 after acquiring an additional 522 shares during the last quarter. ABN Amro Investment Solutions increased its stake in shares of Electronic Arts by 11.0% in the 1st quarter. ABN Amro Investment Solutions now owns 12,935 shares of the game software company’s stock worth $2,637,000 after acquiring an additional 1,278 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Electronic Arts by 3.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 46,781 shares of the game software company’s stock worth $9,537,000 after acquiring an additional 1,605 shares during the period. Finally, Kapitalo Investimentos Ltda boosted its position in shares of Electronic Arts by 122.0% during the 1st quarter. Kapitalo Investimentos Ltda now owns 213,193 shares of the game software company’s stock valued at $43,464,000 after acquiring an additional 117,139 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EA. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Citigroup boosted their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Zacks Research downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Two investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $196.64.

Insider Transactions at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total value of $1,005,950.00. Following the sale, the executive vice president owned 42,287 shares of the company’s stock, valued at $8,507,721.53. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the transaction, the insider owned 73,513 shares in the company, valued at $14,930,490.30. This trade represents a 3.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 31,206 shares of company stock worth $6,292,058. 0.24% of the stock is owned by company insiders.

Electronic Arts Trading Up 0.0%

NASDAQ EA opened at $209.00 on Friday. The firm’s 50-day moving average is $204.08 and its two-hundred day moving average is $202.76. Electronic Arts Inc. has a 12 month low of $146.97 and a 12 month high of $209.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $52.41 billion, a P/E ratio of 59.89, a PEG ratio of 2.34 and a beta of 0.64.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Electronic Arts’s dividend payout ratio is currently 21.78%.

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.