42,796 Shares in Electronic Arts Inc. $EA Acquired by OFI Invest Asset Management

OFI Invest Asset Management purchased a new position in Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 42,796 shares of the game software company’s stock, valued at approximately $8,745,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its stake in shares of Electronic Arts by 2.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock worth $425,000 after buying an additional 50 shares during the last quarter. Ballentine Partners LLC boosted its stake in Electronic Arts by 1.2% during the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock valued at $965,000 after purchasing an additional 59 shares during the last quarter. Physician Wealth Advisors Inc. boosted its stake in Electronic Arts by 5.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock valued at $212,000 after purchasing an additional 59 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in Electronic Arts by 3.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock valued at $392,000 after purchasing an additional 67 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in Electronic Arts by 20.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company’s stock valued at $80,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

EA has been the topic of several recent analyst reports. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Citigroup cut their target price on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $188.30.

Electronic Arts Stock Performance

Shares of EA opened at $202.20 on Friday. The business’s fifty day simple moving average is $201.18 and its two-hundred day simple moving average is $201.06. The company has a market cap of $50.60 billion, a price-to-earnings ratio of 76.02, a P/E/G ratio of 2.20 and a beta of 0.73. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 12 month low of $135.43 and a 12 month high of $204.88.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $204.26, for a total value of $1,021,300.00. Following the transaction, the chief executive officer directly owned 38,858 shares of the company’s stock, valued at approximately $7,937,135.08. This trade represents a 11.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $199.95, for a total value of $499,875.00. Following the completion of the transaction, the insider directly owned 45,843 shares in the company, valued at $9,166,307.85. The trade was a 5.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 27,600 shares of company stock valued at $5,553,319. Corporate insiders own 0.24% of the company’s stock.

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.