Susquehanna Fundamental Investments LLC Purchases Shares of 66,274 Electronic Arts Inc. (NASDAQ:EA)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 66,274 shares of the game software company’s stock, valued at approximately $8,793,000.

Several other institutional investors have also recently made changes to their positions in EA. FORA Capital LLC boosted its holdings in Electronic Arts by 209.7% in the 1st quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock worth $6,101,000 after buying an additional 31,136 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in Electronic Arts by 82.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock valued at $3,327,000 after purchasing an additional 11,343 shares during the last quarter. Duality Advisers LP purchased a new position in Electronic Arts in the 1st quarter valued at $1,711,000. Eaton Financial Holdings Company LLC purchased a new stake in shares of Electronic Arts during the fourth quarter worth $1,259,000. Finally, Value Partners Investments Inc. raised its position in shares of Electronic Arts by 33.5% in the fourth quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock valued at $53,761,000 after buying an additional 107,709 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Electronic Arts in a research note on Thursday. They set a “buy” rating and a $165.00 price objective for the company. Benchmark reiterated a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a report on Thursday, April 18th. UBS Group lowered their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Stifel Nicolaus lifted their target price on shares of Electronic Arts from $150.00 to $163.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Finally, Wedbush restated an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a report on Wednesday, May 8th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average target price of $148.53.

Electronic Arts Stock Up 0.3 %

EA traded up $0.38 on Friday, hitting $145.68. 2,120,393 shares of the company were exchanged, compared to its average volume of 1,628,725. The firm has a 50-day moving average price of $135.28 and a two-hundred day moving average price of $135.04. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. The company has a market cap of $38.71 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 2.33 and a beta of 0.79. Electronic Arts Inc. has a twelve month low of $117.47 and a twelve month high of $147.41.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.78 billion. On average, equities analysts predict that Electronic Arts Inc. will post 5.66 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Wednesday, May 29th. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.21, for a total transaction of $128,210.00. Following the sale, the insider now owns 18,426 shares of the company’s stock, valued at $2,362,397.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total transaction of $317,975.00. Following the transaction, the chief executive officer now owns 23,430 shares of the company’s stock, valued at $2,980,061.70. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the sale, the insider now directly owns 18,426 shares of the company’s stock, valued at $2,362,397.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,039 shares of company stock valued at $3,500,356. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Company 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.