P Schoenfeld Asset Management LP Has $5.76 Million Stock Holdings in Electronic Arts Inc. $EA

P Schoenfeld Asset Management LP trimmed its position in Electronic Arts Inc. (NASDAQ:EA) by 32.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,200 shares of the game software company’s stock after selling 13,800 shares during the period. Electronic Arts makes up approximately 2.0% of P Schoenfeld Asset Management LP’s holdings, making the stock its 14th biggest holding. P Schoenfeld Asset Management LP’s holdings in Electronic Arts were worth $5,762,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Greenland Capital Management LP bought a new position in Electronic Arts during the third quarter worth about $5,569,000. Swiss Life Asset Management Ltd lifted its holdings in Electronic Arts by 75.8% during the third quarter. Swiss Life Asset Management Ltd now owns 85,245 shares of the game software company’s stock worth $17,194,000 after acquiring an additional 36,769 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Electronic Arts by 9.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 110,851 shares of the game software company’s stock worth $22,650,000 after acquiring an additional 9,297 shares in the last quarter. Barometer Capital Management Inc. bought a new position in Electronic Arts during the third quarter worth about $4,503,000. Finally, Nordea Investment Management AB lifted its holdings in Electronic Arts by 33.6% during the fourth quarter. Nordea Investment Management AB now owns 227,893 shares of the game software company’s stock worth $46,554,000 after acquiring an additional 57,268 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $200.54, for a total transaction of $501,350.00. Following the sale, the insider owned 40,843 shares in the company, valued at approximately $8,190,655.22. This represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,066 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.66, for a total value of $1,021,609.56. Following the sale, the chief executive officer owned 85,974 shares in the company, valued at $17,337,516.84. The trade was a 5.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 31,206 shares of company stock valued at $6,293,083 in the last ninety days. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

EA has been the topic of several recent analyst reports. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Citigroup lifted their target price on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Wall Street Zen upgraded Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Two investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $196.64.

Electronic Arts Stock Performance

NASDAQ:EA opened at $203.27 on Monday. Electronic Arts Inc. has a twelve month low of $146.97 and a twelve month high of $204.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $202.23 and a two-hundred day moving average price of $202.37. The company has a market cap of $50.97 billion, a P/E ratio of 58.24, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Electronic Arts’s dividend payout ratio is presently 21.78%.

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.