Kapitalo Investimentos Ltda Purchases 117,139 Shares of Electronic Arts Inc. $EA

Kapitalo Investimentos Ltda lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 122.0% in the first quarter, Holdings Channel reports. The firm owned 213,193 shares of the game software company’s stock after purchasing an additional 117,139 shares during the period. Electronic Arts makes up about 8.2% of Kapitalo Investimentos Ltda’s investment portfolio, making the stock its 3rd biggest position. Kapitalo Investimentos Ltda’s holdings in Electronic Arts were worth $43,464,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ascentis Independent Advisors purchased a new position in Electronic Arts in the first quarter valued at approximately $27,000. MV Capital Management Inc. purchased a new stake in Electronic Arts during the fourth quarter worth approximately $28,000. Asset Planning Inc acquired a new stake in shares of Electronic Arts in the first quarter worth $32,000. Whipplewood Advisors LLC acquired a new stake in shares of Electronic Arts in the first quarter worth $32,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in shares of Electronic Arts in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EA shares. Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Zacks Research downgraded Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Citigroup raised their price objective on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Wall Street Zen raised Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Two research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and an average price target of $196.64.

Electronic Arts Trading Up 0.2%

NASDAQ:EA opened at $209.29 on Tuesday. Electronic Arts Inc. has a one year low of $146.97 and a one year high of $209.34. The business’s 50-day simple moving average is $203.56 and its 200 day simple moving average is $202.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $52.48 billion, a price-to-earnings ratio of 59.97, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64.

Electronic Arts Dividend Announcement

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

Insider Activity at Electronic Arts

In related news, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total value of $302,040.00. Following the sale, the chief financial officer directly owned 25,991 shares of the company’s stock, valued at $5,233,547.76. This represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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. Also, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the transaction, the insider owned 26,360 shares in the company, valued at $5,351,080. This trade represents a 4.35% decrease in their ownership of the stock. 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. In the last 90 days, insiders sold 31,206 shares of company stock worth $6,292,058. 0.24% of the stock is currently owned by insiders.

Electronic Arts 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.