Baker Avenue Asset Management LP Has $34.61 Million Holdings in Electronic Arts Inc. $EA

Baker Avenue Asset Management LP lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 15.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 169,372 shares of the game software company’s stock after selling 31,942 shares during the period. Electronic Arts comprises 0.8% of Baker Avenue Asset Management LP’s holdings, making the stock its 26th largest holding. Baker Avenue Asset Management LP’s holdings in Electronic Arts were worth $34,608,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Ameriflex Group Inc. boosted its position in shares of Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after acquiring an additional 69 shares in the last quarter. Oakworth Capital Inc. acquired a new stake in shares of Electronic Arts during the 3rd quarter worth approximately $30,000. Salomon & Ludwin LLC boosted its position in shares of Electronic Arts by 32.8% during the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after acquiring an additional 57 shares in the last quarter. Tidemark LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter worth approximately $50,000. Finally, Asset Dedication LLC boosted its position in shares of Electronic Arts by 333.3% during the 3rd quarter. Asset Dedication LLC now owns 260 shares of the game software company’s stock worth $52,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EA. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. 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. Finally, Citigroup increased 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. Three equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus target price of $196.64.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $200.68 on Thursday. Electronic Arts Inc. has a fifty-two week low of $141.19 and a fifty-two week high of $204.88. 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 firm has a market capitalization of $50.32 billion, a P/E ratio of 57.50, a P/E/G ratio of 2.22 and a beta of 0.66. The company’s 50 day moving average price is $202.03 and its two-hundred day moving average price is $202.25.

Electronic Arts Announces Dividend

The business also recently announced 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 yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 21.78%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,066 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.66, for a total value of $1,021,609.56. Following the sale, the chief executive officer owned 85,974 shares in the company, valued at $17,337,516.84. This trade represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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 the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $200.81, for a total transaction of $240,972.00. Following the completion of the sale, the insider owned 27,560 shares in the company, valued at $5,534,323.60. This represents a 4.17% 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 three months, insiders have sold 39,906 shares of company stock valued at $8,032,336. Corporate insiders own 0.24% of the company’s stock.

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.