XTX Topco Ltd Purchases 5,975 Shares of Electronic Arts Inc. (NASDAQ:EA)

XTX Topco Ltd boosted its position in Electronic Arts Inc. (NASDAQ:EA) by 104.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,695 shares of the game software company’s stock after buying an additional 5,975 shares during the quarter. XTX Topco Ltd’s holdings in Electronic Arts were worth $1,629,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after buying an additional 3,727,251 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Electronic Arts by 496.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after acquiring an additional 2,090,504 shares during the period. Swedbank AB acquired a new position in Electronic Arts during the 1st quarter valued at $201,935,000. Jericho Capital Asset Management L.P. bought a new stake in Electronic Arts in the 1st quarter valued at $189,055,000. Finally, Manning & Napier Advisors LLC acquired a new stake in Electronic Arts in the 2nd quarter worth $188,159,000. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the sale, the insider now owns 31,190 shares of the company’s stock, valued at $4,675,692.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total transaction of $350,650.00. Following the transaction, the chief executive officer now directly owns 61,747 shares in the company, valued at approximately $8,660,634.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares in the company, valued at approximately $4,675,692.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,570 shares of company stock worth $4,183,508. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EA shares. Benchmark reiterated a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $160.00 price objective on shares of Electronic Arts in a research report on Wednesday. Roth Mkm restated a “neutral” rating and set a $154.00 price objective on shares of Electronic Arts in a research report on Thursday. Bank of America raised their target price on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Citigroup downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $148.00 to $161.00 in a research note on Monday, July 15th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.94.

Electronic Arts Stock Performance

NASDAQ:EA opened at $140.74 on Friday. The stock has a market capitalization of $37.40 billion, a P/E ratio of 30.07, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $153.51. The firm has a 50 day moving average of $146.36 and a 200-day moving average of $137.68. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. As a group, sell-side analysts anticipate that Electronic Arts Inc. will post 5.89 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s dividend payout ratio is currently 16.24%.

Electronic Arts 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.