Susquehanna Fundamental Investments LLC Has $17.33 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Susquehanna Fundamental Investments LLC lifted its position in Electronic Arts Inc. (NASDAQ:EA) by 87.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 124,363 shares of the game software company’s stock after acquiring an additional 58,089 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Electronic Arts were worth $17,327,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Scientech Research LLC lifted its position in Electronic Arts by 529.9% in the 2nd quarter. Scientech Research LLC now owns 15,244 shares of the game software company’s stock worth $2,124,000 after buying an additional 12,824 shares in the last quarter. Legal & General Group Plc lifted its position in Electronic Arts by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock worth $367,789,000 after buying an additional 53,800 shares in the last quarter. Mackenzie Financial Corp lifted its position in Electronic Arts by 1.3% in the 2nd quarter. Mackenzie Financial Corp now owns 136,120 shares of the game software company’s stock worth $18,966,000 after buying an additional 1,781 shares in the last quarter. MBB Public Markets I LLC purchased a new stake in Electronic Arts in the 2nd quarter worth approximately $2,600,000. Finally, D. E. Shaw & Co. Inc. lifted its position in Electronic Arts by 43.3% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock worth $193,727,000 after buying an additional 420,382 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EA shares. Raymond James raised their price target on shares of Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Benchmark restated a “buy” rating and set a $163.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Morgan Stanley restated an “equal weight” rating and set a $150.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Jefferies Financial Group started coverage on shares of Electronic Arts in a research note on Thursday, July 11th. They issued a “buy” rating and a $165.00 target price on the stock. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $154.00 target price on shares of Electronic Arts in a research note on Tuesday, July 30th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and an average target price of $161.94.

Electronic Arts Trading Up 0.7 %

NASDAQ:EA opened at $144.65 on Friday. Electronic Arts Inc. has a 1-year low of $117.70 and a 1-year high of $153.51. The business’s 50-day moving average price is $145.89 and its two-hundred day moving average price is $137.94. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $38.44 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 1.91 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. On average, equities analysts expect that Electronic Arts Inc. will post 5.93 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts’s payout ratio is presently 16.24%.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the transaction, the insider now directly owns 38,574 shares of the company’s stock, valued at $5,389,173.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Stuart Canfield sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the sale, the chief financial officer now directly owns 7,553 shares of the company’s stock, valued at $1,095,185. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.71, for a total value of $111,768.00. Following the completion of the sale, the insider now directly owns 38,574 shares of the company’s stock, valued at $5,389,173.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,570 shares of company stock worth $3,621,343. 0.22% of the stock is owned by corporate insiders.

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.