Capricorn Fund Managers Ltd Purchases 37,349 Shares of Electronic Arts Inc. $EA

Capricorn Fund Managers Ltd grew its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 96.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,898 shares of the game software company’s stock after buying an additional 37,349 shares during the quarter. Electronic Arts accounts for 2.4% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 12th largest position. Capricorn Fund Managers Ltd’s holdings in Electronic Arts were worth $15,473,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. raised its stake in shares of Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares during the last quarter. MV Capital Management Inc. purchased a new stake in shares of Electronic Arts during the fourth quarter valued at $28,000. Asset Planning Inc purchased a new stake in shares of Electronic Arts during the first quarter valued at $32,000. Fideuram Asset Management Ireland dac bought a new stake in Electronic Arts in the 4th quarter worth about $44,000. Finally, Geneos Wealth Management Inc. raised its position in Electronic Arts by 150.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after buying an additional 190 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Trading Down 0.0%

Shares of EA stock opened at $205.04 on Wednesday. Electronic Arts Inc. has a 1 year low of $146.97 and a 1 year high of $205.69. The firm has a fifty day moving average price of $202.32 and a 200-day moving average price of $202.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $51.41 billion, a price-to-earnings ratio of 58.75, a PEG ratio of 2.31 and a beta of 0.65.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s payout ratio is 21.78%.

Insider Buying and Selling

In other news, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total value of $302,040.00. Following the transaction, the chief financial officer owned 25,991 shares of the company’s stock, valued at $5,233,547.76. This trade represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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, EVP Jacob J. Schatz sold 5,000 shares of Electronic Arts stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $201.19, for a total value of $1,005,950.00. Following the transaction, the executive vice president directly owned 42,287 shares in the company, valued at approximately $8,507,721.53. The trade was a 10.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 valued at $8,060,033 over the last three months. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EA has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Citigroup lifted their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a report 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 analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Electronic Arts currently has an average rating of “Hold” and a consensus price target of $196.64.

About Electronic Arts

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.