Entropy Technologies LP Takes Position in Electronic Arts Inc. (NASDAQ:EA)

Entropy Technologies LP purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,231 shares of the game software company's stock, valued at approximately $2,902,000.

Several other large investors have also made changes to their positions in EA. Vanguard Group Inc. lifted its holdings in shares of Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company's stock worth $3,868,620,000 after purchasing an additional 3,727,251 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Electronic Arts by 496.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company's stock worth $333,169,000 after purchasing an additional 2,090,504 shares during the period. Swedbank AB acquired a new position in shares of Electronic Arts during the first quarter worth $201,935,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Electronic Arts during the first quarter worth $189,055,000. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Electronic Arts during the second quarter worth $188,159,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. DZ Bank raised shares of Electronic Arts from a "hold" rating to a "buy" rating and lifted their target price for the stock from $135.00 to $177.00 in a research note on Thursday, October 31st. UBS Group lifted their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their target price on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Roth Mkm lifted their target price on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Finally, Argus lifted their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $165.37.

Electronic Arts Stock Performance

Shares of NASDAQ:EA traded up $3.48 during mid-day trading on Tuesday, reaching $162.87. The company had a trading volume of 2,806,830 shares, compared to its average volume of 2,056,360. Electronic Arts Inc. has a one year low of $124.92 and a one year high of $163.00. The company has a current ratio of 1.43, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The company's 50-day moving average price is $145.82 and its 200-day moving average price is $141.66. The firm has a market cap of $42.72 billion, a price-to-earnings ratio of 40.97, a PEG ratio of 2.06 and a beta of 0.78.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.47%. Electronic Arts's dividend payout ratio is presently 19.54%.

Insider Activity

In other news, CFO Stuart Canfield sold 1,260 shares of the company's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $148.37, for a total transaction of $186,946.20. Following the transaction, the chief financial officer now owns 7,553 shares of the company's stock, valued at $1,120,638.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the transaction, the insider now owns 50,433 shares in the company, valued at $7,969,926.99. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stuart Canfield sold 1,260 shares of the firm's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $148.37, for a total value of $186,946.20. Following the completion of the transaction, the chief financial officer now owns 7,553 shares of the company's stock, valued at approximately $1,120,638.61. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,144 shares of company stock valued at $3,886,282 in the last 90 days. Insiders own 0.22% of the company's stock.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.