CIBRA Capital Ltd Invests $5.01 Million in Electronic Arts Inc. $EA

CIBRA Capital Ltd purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,514 shares of the game software company’s stock, valued at approximately $5,009,000. Electronic Arts accounts for about 8.6% of CIBRA Capital Ltd’s holdings, making the stock its 4th largest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EA. Ameriflex Group Inc. raised its stake in shares of Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after acquiring an additional 69 shares during the period. Oakworth Capital Inc. purchased a new stake in Electronic Arts during the 3rd quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Electronic Arts by 131.9% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock valued at $34,000 after purchasing an additional 95 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Electronic Arts in the 2nd quarter valued at $37,000. Finally, Tidemark LLC purchased a new position in Electronic Arts in the third quarter valued at about $50,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Trading Up 0.0%

Shares of EA opened at $202.01 on Friday. Electronic Arts Inc. has a one year low of $131.15 and a one year high of $204.88. The stock has a 50-day moving average price of $201.30 and a 200 day moving average price of $199.29. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $50.55 billion, a P/E ratio of 75.94, a P/E/G ratio of 2.40 and a beta of 0.75.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors 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 payout ratio is 28.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup reduced their price objective 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. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $188.30.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $199.69, for a total value of $239,628.00. Following the completion of the sale, the insider owned 29,960 shares of the company’s stock, valued at approximately $5,982,712.40. The trade was a 3.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $199.95, for a total transaction of $999,750.00. Following the completion of the sale, the chief executive officer owned 28,858 shares in the company, valued at approximately $5,770,157.10. This trade represents a 14.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 27,600 shares of company stock valued at $5,553,319. Insiders own 0.24% of the company’s stock.

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.