Polar Asset Management Partners Inc. Boosts Stake in Electronic Arts Inc. $EA

Polar Asset Management Partners Inc. lifted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 13.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 323,078 shares of the game software company’s stock after buying an additional 38,258 shares during the period. Electronic Arts makes up approximately 1.3% of Polar Asset Management Partners Inc.’s portfolio, making the stock its 11th biggest holding. Polar Asset Management Partners Inc.’s holdings in Electronic Arts were worth $65,866,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of EA. Vanguard Group Inc. increased its position in shares of Electronic Arts by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock valued at $5,879,205,000 after acquiring an additional 485,030 shares during the last quarter. Pentwater Capital Management LP increased its position in shares of Electronic Arts by 128.1% during the 4th quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock valued at $2,237,414,000 after purchasing an additional 6,150,000 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Electronic Arts by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock worth $1,382,030,000 after purchasing an additional 143,195 shares during the period. Invesco Ltd. raised its stake in shares of Electronic Arts by 4.9% during the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock worth $870,328,000 after purchasing an additional 202,657 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Electronic Arts by 44.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after buying an additional 1,300,336 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Electronic Arts

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

Electronic Arts Stock Performance

Shares of EA stock opened at $209.08 on Monday. The stock has a market capitalization of $52.43 billion, a P/E ratio of 59.91, a PEG ratio of 2.34 and a beta of 0.64. The firm’s 50 day moving average is $204.25 and its 200 day moving average is $202.79. Electronic Arts Inc. has a 12 month low of $146.97 and a 12 month high of $209.34. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Citigroup upped their price objective 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, Zacks Research lowered Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $196.64.

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.