Highbridge Capital Management LLC Has $108.08 Million Stake in Electronic Arts Inc. $EA

Highbridge Capital Management LLC boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 10,479.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 528,950 shares of the game software company’s stock after buying an additional 523,950 shares during the period. Electronic Arts makes up about 3.5% of Highbridge Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Highbridge Capital Management LLC’s holdings in Electronic Arts were worth $108,080,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its position in Electronic Arts by 19.3% during the 4th quarter. Parallel Advisors LLC now owns 5,845 shares of the game software company’s stock valued at $1,194,000 after buying an additional 944 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in Electronic Arts by 21.5% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 18,737 shares of the game software company’s stock valued at $3,829,000 after purchasing an additional 3,318 shares during the last quarter. Vise Technologies Inc. boosted its stake in Electronic Arts by 143.0% during the 4th quarter. Vise Technologies Inc. now owns 10,869 shares of the game software company’s stock valued at $2,221,000 after purchasing an additional 6,397 shares during the last quarter. Sittner & Nelson LLC boosted its stake in Electronic Arts by 256.2% during the 4th quarter. Sittner & Nelson LLC now owns 4,310 shares of the game software company’s stock valued at $862,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Lido Advisors LLC boosted its stake in Electronic Arts by 2.1% during the 4th quarter. Lido Advisors LLC now owns 29,541 shares of the game software company’s stock valued at $5,994,000 after purchasing an additional 607 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In related news, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total value of $302,040.00. Following the transaction, the chief financial officer directly owned 25,991 shares of the company’s stock, valued at approximately $5,233,547.76. This trade represents a 5.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $199.95, for a total value of $499,875.00. Following the completion of the transaction, the insider directly owned 45,843 shares in the company, valued at approximately $9,166,307.85. This represents a 5.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 39,906 shares of company stock valued at $8,032,336 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on EA shares. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a research note on Saturday. Citigroup increased their target price on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $196.64.

Electronic Arts Price Performance

NASDAQ EA opened at $203.00 on Friday. The business’s fifty day moving average price is $202.21 and its 200-day moving average price is $202.29. The stock has a market capitalization of $50.90 billion, a price-to-earnings ratio of 58.17, a PEG ratio of 2.24 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. Electronic Arts Inc. has a 1-year low of $145.54 and a 1-year high of $204.88.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s dividend payout ratio is presently 21.78%.

Electronic Arts Profile

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.