Quinn Opportunity Partners LLC Buys New Position in Electronic Arts Inc. $EA

Quinn Opportunity Partners LLC purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 777,192 shares of the game software company’s stock, valued at approximately $156,760,000. Electronic Arts comprises 11.1% of Quinn Opportunity Partners LLC’s holdings, making the stock its biggest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Ameriflex Group Inc. grew its position in Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares during the last quarter. MTM Investment Management LLC purchased a new position in shares of Electronic Arts in the second quarter worth $30,000. Oakworth Capital Inc. acquired a new stake in shares of Electronic Arts during the third quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Electronic Arts by 131.9% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after buying an additional 95 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Electronic Arts during the second quarter valued at $37,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Price Performance

Shares of EA opened at $199.24 on Friday. The company has a market capitalization of $49.86 billion, a P/E ratio of 74.90, a P/E/G ratio of 2.37 and a beta of 0.75. The business’s 50-day moving average is $201.93 and its two-hundred day moving average is $196.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. Electronic Arts Inc. has a fifty-two week low of $131.15 and a fifty-two week high of $204.88.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be paid 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, February 25th. Electronic Arts’s dividend payout ratio is presently 28.57%.

Analyst Ratings Changes

Several equities analysts recently issued reports on EA shares. Citigroup cut their target price on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Zacks Research downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, UBS Group reissued a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and a consensus price target of $188.30.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $200.63, for a total value of $240,756.00. Following the transaction, the insider directly owned 31,160 shares of the company’s stock, valued at approximately $6,251,630.80. This trade represents a 3.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $510,275.00. Following the sale, the insider directly owned 53,148 shares of the company’s stock, valued at $10,848,038.28. The trade was a 4.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 27,600 shares of company stock valued at $5,589,823. Insiders own 0.24% of the company’s stock.

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.