Russell Investments Group Ltd. Raises Holdings in Electronic Arts Inc. $EA

Russell Investments Group Ltd. increased its position in Electronic Arts Inc. (NASDAQ:EA) by 9.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 643,390 shares of the game software company’s stock after purchasing an additional 56,293 shares during the period. Russell Investments Group Ltd.’s holdings in Electronic Arts were worth $129,838,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. increased its stake in Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after acquiring an additional 69 shares during the last quarter. MTM Investment Management LLC purchased a new stake in shares of Electronic Arts during the 2nd quarter worth approximately $30,000. Oakworth Capital Inc. bought a new position in shares of Electronic Arts during the 3rd quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Electronic Arts by 131.9% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock valued at $34,000 after acquiring an additional 95 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the second quarter valued at $37,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

EA has been the topic of several research reports. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Zacks Research lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Citigroup dropped their price objective on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $188.30.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $200.63, for a total value of $240,756.00. Following the sale, the insider owned 31,160 shares of the company’s stock, valued at approximately $6,251,630.80. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total transaction of $299,850.00. Following the completion of the sale, the chief financial officer owned 5,897 shares of the company’s stock, valued at $1,178,810.30. This trade represents a 20.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 27,600 shares of company stock valued at $5,589,823 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

NASDAQ:EA opened at $199.27 on Tuesday. The firm has a market capitalization of $49.87 billion, a price-to-earnings ratio of 74.91, a PEG ratio of 2.36 and a beta of 0.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. The business has a 50 day simple moving average of $202.32 and a 200-day simple moving average of $196.50. Electronic Arts Inc. has a 1 year low of $131.15 and a 1 year high of $204.88.

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 is Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 28.57%.

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.