Pacer Advisors Inc. Boosts Stake in Electronic Arts Inc. $EA

Pacer Advisors Inc. increased its stake in Electronic Arts Inc. (NASDAQ:EA) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,694 shares of the game software company’s stock after purchasing an additional 3,777 shares during the quarter. Pacer Advisors Inc.’s holdings in Electronic Arts were worth $8,519,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Electronic Arts by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock worth $5,879,205,000 after buying an additional 485,030 shares in the last quarter. Pentwater Capital Management LP lifted its position in shares of Electronic Arts by 128.1% during the 4th quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock valued at $2,237,414,000 after buying an additional 6,150,000 shares in the last quarter. Geode Capital Management LLC lifted 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. Ameriprise Financial Inc. lifted 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. grew its stake 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 acquiring an additional 202,657 shares during the period. Institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In related news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total value of $302,040.00. Following the completion of the transaction, the chief financial officer owned 25,991 shares of the company’s stock, valued at approximately $5,233,547.76. This trade represents a 5.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.00, for a total value of $243,600.00. Following the completion of the transaction, the insider owned 26,360 shares of the company’s stock, valued at approximately $5,351,080. This represents a 4.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 39,906 shares of company stock worth $8,060,033. 0.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EA. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Citigroup upped their price target 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. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Two research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $196.64.

Electronic Arts Stock Performance

Shares of EA opened at $202.15 on Monday. The company’s fifty day moving average is $202.12 and its 200 day moving average is $202.39. Electronic Arts Inc. has a fifty-two week low of $146.97 and a fifty-two week high of $204.88. The stock has a market capitalization of $50.69 billion, a PE ratio of 57.92, a P/E/G ratio of 2.27 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th 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 of this dividend was Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) 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.