Soros Capital Management LLC Invests $8.75 Million in Electronic Arts Inc. (NASDAQ:EA)

Soros Capital Management LLC bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 59,800 shares of the game software company's stock, valued at approximately $8,749,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital International Investors grew its stake in Electronic Arts by 5.2% in the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock worth $1,778,553,000 after buying an additional 605,796 shares in the last quarter. Geode Capital Management LLC raised its holdings in Electronic Arts by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock valued at $978,650,000 after buying an additional 30,929 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings 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 buying an additional 270,991 shares during the period. Invesco Ltd. lifted its position in Electronic Arts by 3.9% during the 4th quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock valued at $472,362,000 after acquiring an additional 120,632 shares during the period. Finally, Amundi boosted its stake in Electronic Arts by 4.3% during the fourth quarter. Amundi now owns 2,990,729 shares of the game software company's stock worth $431,315,000 after acquiring an additional 122,494 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Activity at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the sale, the insider now owns 47,514 shares of the company's stock, valued at approximately $6,216,256.62. This trade represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the transaction, the insider now owns 28,216 shares in the company, valued at approximately $3,443,198.48. The trade was a 3.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,000 shares of company stock valued at $3,032,740. 0.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

EA has been the topic of several recent analyst reports. Raymond James downgraded shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 23rd. Moffett Nathanson upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a research note on Friday, January 31st. Morgan Stanley decreased their target price on shares of Electronic Arts from $150.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Wedbush reaffirmed an "outperform" rating and issued a $173.00 target price on shares of Electronic Arts in a report on Thursday, January 23rd. Finally, Oppenheimer raised their price target on Electronic Arts from $140.00 to $170.00 and gave the company an "outperform" rating in a report on Friday. Thirteen investment 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 stock currently has a consensus rating of "Hold" and a consensus target price of $154.22.

Electronic Arts Stock Up 0.3 %

Shares of NASDAQ EA traded up $0.41 during trading hours on Friday, hitting $146.60. 1,836,648 shares of the stock were exchanged, compared to its average volume of 2,639,108. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a market cap of $38.21 billion, a PE ratio of 37.30, a PEG ratio of 3.58 and a beta of 0.79. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average price of $138.99 and a 200-day moving average price of $144.44.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly 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 return on equity of 17.80% and a net margin of 14.28%. On average, sell-side analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts's dividend payout ratio (DPR) is currently 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.