LSV Asset Management Raises Stock Holdings in Electronic Arts Inc. $EA

LSV Asset Management raised its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 265.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 212,945 shares of the game software company’s stock after purchasing an additional 154,605 shares during the quarter. LSV Asset Management owned 0.09% of Electronic Arts worth $42,951,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. State Street Corp boosted its position in Electronic Arts by 5.8% in the second quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after buying an additional 932,024 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Electronic Arts by 44.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after acquiring an additional 1,300,336 shares during the period. Invesco Ltd. boosted its holdings in shares of Electronic Arts by 10.1% in the 2nd quarter. Invesco Ltd. now owns 4,112,305 shares of the game software company’s stock valued at $656,735,000 after acquiring an additional 378,824 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Electronic Arts by 17.0% in the second quarter. First Trust Advisors LP now owns 2,430,876 shares of the game software company’s stock worth $388,211,000 after acquiring an additional 353,327 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Electronic Arts by 50.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock worth $377,726,000 after purchasing an additional 791,978 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $1,020,550.00. Following the transaction, the chief executive officer owned 43,858 shares in the company, valued at $8,951,856.38. This trade represents a 10.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $204.30, for a total value of $245,160.00. Following the transaction, the insider directly owned 32,360 shares in the company, valued at approximately $6,611,148. This trade represents a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 123,769 shares of company stock valued at $24,943,734 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $200.62 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 52 week low of $128.02 and a 52 week high of $204.88. The firm’s 50 day moving average is $203.46 and its two-hundred day moving average is $192.30. The firm has a market capitalization of $50.21 billion, a P/E ratio of 75.42, a P/E/G ratio of 2.41 and a beta of 0.74.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s payout ratio is 28.57%.

Analyst Ratings Changes

Several research firms have commented on EA. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Argus set a $210.00 target price on Electronic Arts in a research note on Thursday, October 30th. Morgan Stanley lifted their price target on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Zacks Research lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Citigroup cut their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $186.95.

Electronic Arts Company 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.