LSV Asset Management Boosts Holdings in Electronic Arts Inc. $EA

LSV Asset Management grew its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 265.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 212,945 shares of the game software company’s stock after buying an additional 154,605 shares during the quarter. LSV Asset Management’s holdings in Electronic Arts were worth $42,951,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Cibc World Market Inc. increased its stake in shares of Electronic Arts by 10.9% during the third quarter. Cibc World Market Inc. now owns 136,741 shares of the game software company’s stock worth $27,581,000 after acquiring an additional 13,420 shares during the period. Caprock Group LLC acquired a new position in Electronic Arts during the 3rd quarter worth approximately $1,329,000. Stratos Wealth Partners LTD. raised its stake in shares of Electronic Arts by 8.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 4,248 shares of the game software company’s stock worth $857,000 after buying an additional 330 shares in the last quarter. Wealthfront Advisers LLC lifted 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 valued at $4,982,000 after buying an additional 2,057 shares during the period. Finally, AlTi Global Inc. purchased a new stake in shares of Electronic Arts in the third quarter valued at approximately $241,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.1%

NASDAQ:EA opened at $200.62 on Friday. Electronic Arts Inc. has a 52-week low of $128.02 and a 52-week high of $204.88. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $203.46 and a 200-day simple moving average of $192.30. The company has a market capitalization of $50.21 billion, a PE ratio of 75.42, a price-to-earnings-growth ratio of 2.41 and a beta of 0.74.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Electronic Arts’s dividend payout ratio is 28.57%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Zacks Research cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Citigroup lowered their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Benchmark reiterated a “buy” rating on shares of Electronic Arts in a research note on Wednesday, October 29th. Morgan Stanley boosted their price objective on shares of Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Finally, UBS Group restated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $186.95.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $204.30, for a total value of $245,160.00. Following the sale, the insider directly owned 32,360 shares in the company, valued at $6,611,148. This represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $201.65, for a total value of $302,475.00. Following the transaction, the chief financial officer owned 5,595 shares of the company’s stock, 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 ninety days, insiders have sold 123,769 shares of company stock valued at $24,943,734. 0.24% of the stock is owned by company insiders.

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.