ExodusPoint Capital Management LP Has $3.16 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

ExodusPoint Capital Management LP lessened its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 50.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,621 shares of the game software company's stock after selling 21,852 shares during the quarter. ExodusPoint Capital Management LP's holdings in Electronic Arts were worth $3,163,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EA. Motley Fool Asset Management LLC lifted its holdings in shares of Electronic Arts by 14.5% during the fourth quarter. Motley Fool Asset Management LLC now owns 13,982 shares of the game software company's stock worth $2,046,000 after buying an additional 1,772 shares during the last quarter. Westpac Banking Corp raised its stake in Electronic Arts by 12.8% during the 4th quarter. Westpac Banking Corp now owns 34,121 shares of the game software company's stock valued at $4,992,000 after purchasing an additional 3,881 shares during the last quarter. Bryce Point Capital LLC acquired a new position in Electronic Arts during the 4th quarter valued at $881,000. Huntington National Bank boosted its holdings in Electronic Arts by 31.4% in the 4th quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock valued at $49,577,000 after purchasing an additional 80,968 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in Electronic Arts by 6.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock worth $648,169,000 after purchasing an additional 270,991 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of brokerages have commented on EA. Roth Mkm reduced their price objective on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. DA Davidson assumed coverage on Electronic Arts in a research report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 target price for the company. Ascendiant Capital Markets boosted their price target on shares of Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Bank of America increased their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Finally, BNP Paribas lowered shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price on the stock. in a research report on Monday, January 27th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $155.30.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the transaction, the chief executive officer now owns 42,615 shares in the company, valued at $6,080,308.20. The trade was a 10.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares of the company's stock, valued at $3,801,320. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,000 shares of company stock valued at $3,015,990. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Trading Up 2.5 %

Shares of EA traded up $3.54 during trading hours on Friday, hitting $142.93. 3,116,905 shares of the stock traded hands, compared to its average volume of 2,613,980. The business has a fifty day moving average of $136.45 and a 200-day moving average of $144.33. The firm has a market capitalization of $37.25 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. Electronic Arts's dividend payout ratio is presently 19.34%.

Electronic Arts Profile

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.