AXS Investments LLC Takes Position in Electronic Arts Inc. $EA

AXS Investments LLC acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 3,000 shares of the game software company’s stock, valued at approximately $613,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Electronic Arts by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock valued at $5,879,205,000 after buying an additional 485,030 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Electronic Arts by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock valued at $1,382,030,000 after buying an additional 143,195 shares in the last quarter. Pentwater Capital Management LP purchased a new stake in shares of Electronic Arts during the 3rd quarter valued at $968,160,000. Ameriprise Financial Inc. raised its position in shares of Electronic Arts by 8.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock valued at $926,194,000 after buying an additional 374,840 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Electronic Arts by 4.9% during the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock valued at $870,328,000 after buying an additional 202,657 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $199.95, for a total value of $499,875.00. Following the transaction, the insider owned 45,843 shares in the company, valued at approximately $9,166,307.85. The trade was a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,066 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.66, for a total transaction of $1,021,609.56. Following the completion of the transaction, the chief executive officer owned 85,974 shares in the company, valued at $17,337,516.84. The trade was a 5.56% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders have sold a total of 39,906 shares of company stock worth $8,032,336 over the last ninety days. 0.24% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on EA. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Finally, Citigroup lifted their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and an average target price of $196.64.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $201.72 on Friday. The stock has a market cap of $50.58 billion, a PE ratio of 57.80, a PEG ratio of 2.22 and a beta of 0.66. The company’s fifty day moving average is $202.07 and its 200 day moving average is $202.25. Electronic Arts Inc. has a 52 week low of $141.19 and a 52 week high of $204.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be given a $0.19 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s payout ratio is presently 21.78%.

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.