Profund Advisors LLC Boosts Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Profund Advisors LLC grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,554 shares of the game software company’s stock after buying an additional 281 shares during the period. Profund Advisors LLC’s holdings in Electronic Arts were worth $3,700,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EA. North Star Investment Management Corp. raised its holdings in Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after buying an additional 150 shares during the period. Cape Investment Advisory Inc. increased its position in shares of Electronic Arts by 102.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after acquiring an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the 1st quarter valued at $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the 2nd quarter valued at $28,000. Finally, YHB Investment Advisors Inc. purchased a new stake in Electronic Arts during the 1st quarter worth $30,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was 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 owns 31,190 shares in the company, valued at approximately $4,675,692.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction dated 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 sale, the insider now owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the business’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 of the company’s stock, valued at $8,660,634.22. The disclosure for this sale can be found here. Insiders have sold a total of 28,570 shares of company stock worth $4,183,508 over the last quarter. 0.22% of the stock is owned by company insiders.

Electronic Arts Price Performance

Shares of EA opened at $139.55 on Friday. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $153.51. 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 cap of $37.08 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.97 and a beta of 0.79. The stock has a 50 day moving average of $146.15 and a 200-day moving average of $137.72.

Electronic Arts (NASDAQ:EA) last released 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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. As a group, analysts forecast that Electronic Arts Inc. will post 5.89 EPS for the current year.

Electronic Arts Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on EA shares. JPMorgan Chase & Co. raised their price objective on Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Stifel Nicolaus raised their target price on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Citigroup cut Electronic Arts from a “buy” rating to a “neutral” rating and upped their price target for the stock from $148.00 to $161.00 in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $160.00 price objective on shares of Electronic Arts in a research note on Wednesday. Finally, Robert W. Baird restated an “outperform” rating and issued a $170.00 target price on shares of Electronic Arts in a research note on Thursday. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average price target of $161.94.

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.