Versor Investments LP Has $436,000 Position in Electronic Arts Inc. $EA

Versor Investments LP lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 68.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,161 shares of the game software company’s stock after selling 4,739 shares during the period. Versor Investments LP’s holdings in Electronic Arts were worth $436,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC raised its holdings in shares of Electronic Arts by 9.1% in the 3rd quarter. Wealthfront Advisers LLC now owns 24,699 shares of the game software company’s stock worth $4,982,000 after buying an additional 2,057 shares in the last quarter. AlTi Global Inc. bought a new stake in Electronic Arts in the third quarter valued at $241,000. Oppenheimer & Co. Inc. acquired a new position in Electronic Arts during the third quarter worth $315,000. Linden Thomas Advisory Services LLC raised its stake in Electronic Arts by 3.6% during the third quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock worth $392,000 after acquiring an additional 67 shares in the last quarter. Finally, OPTIMAS CAPITAL Ltd bought a new position in shares of Electronic Arts during the third quarter valued at $1,815,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

EA stock opened at $200.46 on Friday. The stock has a market capitalization of $50.17 billion, a PE ratio of 75.36, a price-to-earnings-growth ratio of 2.44 and a beta of 0.74. 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 company has a 50 day moving average price of $203.53 and a 200 day moving average price of $191.96. Electronic Arts Inc. has a fifty-two week low of $128.02 and a fifty-two week high of $204.88.

Electronic Arts Dividend Announcement

The company also recently disclosed 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. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is presently 28.57%.

Insider Transactions at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $204.27, for a total transaction of $510,675.00. Following the completion of the sale, the insider directly owned 50,648 shares of the company’s stock, valued at $10,345,866.96. The trade was a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $201.65, for a total transaction of $302,475.00. Following the completion of the transaction, the chief financial officer owned 5,595 shares in the company, valued at $1,128,231.75. This represents a 21.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 123,769 shares of company stock valued at $24,943,734. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Citigroup lowered their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Morgan Stanley raised their price target on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Zacks Research downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Benchmark reissued a “buy” rating on shares of Electronic Arts in a research note on Wednesday, October 29th. Four analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $186.95.

About Electronic Arts

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.