Versor Investments LP Sells 4,739 Shares of Electronic Arts Inc. $EA

Versor Investments LP lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 68.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,161 shares of the game software company’s stock after selling 4,739 shares during the quarter. Versor Investments LP’s holdings in Electronic Arts were worth $436,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its position in shares of Electronic Arts by 5.8% in the 2nd quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after buying an additional 932,024 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Electronic Arts by 44.6% during the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after purchasing an additional 1,300,336 shares during the period. Invesco Ltd. lifted its holdings in shares of Electronic Arts by 10.1% during the 2nd quarter. Invesco Ltd. now owns 4,112,305 shares of the game software company’s stock valued at $656,735,000 after purchasing an additional 378,824 shares in the last quarter. First Trust Advisors LP grew its position in shares of Electronic Arts by 17.0% in the 2nd quarter. First Trust Advisors LP now owns 2,430,876 shares of the game software company’s stock valued at $388,211,000 after purchasing an additional 353,327 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Electronic Arts by 50.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock worth $377,726,000 after purchasing an additional 791,978 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Insider Activity

In other Electronic Arts news, Director Jeff Huber sold 16,788 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $200.72, for a total value of $3,369,687.36. Following the completion of the sale, the director owned 1,980 shares in the company, valued at $397,425.60. This trade represents a 89.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $204.26, for a total transaction of $1,021,300.00. Following the transaction, the chief executive officer owned 38,858 shares in the company, valued at $7,937,135.08. This represents a 11.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 123,769 shares of company stock valued at $24,943,734. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Argus set a $210.00 price objective on shares of Electronic Arts in a research report on Thursday, October 30th. Morgan Stanley increased their target price on Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. UBS Group restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Zacks Research downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Benchmark restated a “buy” rating on shares of Electronic Arts in a research note on Wednesday, October 29th. Four research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $186.95.

Electronic Arts Stock Down 0.9%

EA stock opened at $200.46 on Friday. The company has a market cap of $50.17 billion, a price-to-earnings ratio of 75.36, a P/E/G ratio of 2.44 and a beta of 0.74. Electronic Arts Inc. has a twelve month low of $128.02 and a twelve month high of $204.88. The business has a 50 day moving average price of $203.53 and a two-hundred day moving average price of $191.96. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.19 per share. 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 payout ratio is presently 28.57%.

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.