MASTERINVEST Kapitalanlage GmbH Makes New Investment in Electronic Arts Inc. $EA

MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,748 shares of the game software company’s stock, valued at approximately $2,196,000.

A number of other hedge funds also recently made changes to their positions in EA. Salomon & Ludwin LLC grew its position in Electronic Arts by 70.1% during the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after buying an additional 68 shares during the period. MTM Investment Management LLC purchased a new position in Electronic Arts in the second quarter valued at about $30,000. Frazier Financial Advisors LLC grew its position in shares of Electronic Arts by 328.9% during the 2nd quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after acquiring an additional 148 shares during the period. NewSquare Capital LLC increased its stake in shares of Electronic Arts by 67.5% during the 2nd quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after purchasing an additional 79 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the 2nd quarter worth approximately $37,000. 90.23% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total value of $504,475.00. Following the transaction, the insider owned 53,092 shares of the company’s stock, valued at approximately $10,713,434.68. This represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $201.05, for a total value of $1,005,250.00. Following the completion of the sale, the chief executive officer owned 48,858 shares in the company, valued at $9,822,900.90. This trade represents a 9.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 134,869 shares of company stock valued at $26,878,477 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA opened at $203.73 on Friday. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $204.64. The stock’s 50-day simple moving average is $201.32 and its 200 day simple moving average is $176.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $50.95 billion, a price-to-earnings ratio of 59.57, a price-to-earnings-growth ratio of 2.44 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company earned $1.11 earnings per share. The company’s quarterly revenue was down 12.6% on a year-over-year basis. Research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio (DPR) is presently 22.22%.

Analyst Ratings Changes

Several brokerages have weighed in on EA. UBS Group set a $210.00 price objective on Electronic Arts and gave the company a “neutral” rating in a report on Tuesday, September 30th. HSBC cut Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price target on the stock. in a research report on Monday, September 29th. Citigroup lifted their price objective on Electronic Arts from $206.00 to $207.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. BMO Capital Markets upped their price objective on shares of Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a report on Tuesday, September 30th. Finally, Oppenheimer lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 30th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Electronic Arts currently has a consensus rating of “Hold” and an average price target of $181.21.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.