Trexquant Investment LP Invests $10.99 Million in Electronic Arts Inc. (NASDAQ:EA)

Trexquant Investment LP acquired a new stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 75,121 shares of the game software company's stock, valued at approximately $10,990,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. raised its stake in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after acquiring an additional 117 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts during the fourth quarter valued at about $32,000. Millstone Evans Group LLC bought a new position in Electronic Arts in the 4th quarter valued at about $37,000. SBI Securities Co. Ltd. acquired a new position in Electronic Arts during the 4th quarter valued at about $41,000. Finally, OFI Invest Asset Management bought a new stake in shares of Electronic Arts during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Price Performance

Shares of Electronic Arts stock traded down $2.10 during midday trading on Monday, hitting $133.24. 1,912,988 shares of the company were exchanged, compared to its average volume of 2,571,742. The firm has a 50 day simple moving average of $134.10 and a 200-day simple moving average of $144.60. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The firm has a market cap of $34.73 billion, a P/E ratio of 33.76, a PEG ratio of 3.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

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

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is currently 19.34%.

Analyst Upgrades and Downgrades

EA has been the topic of a number of research analyst reports. Raymond James lowered shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. Stifel Nicolaus dropped their target price on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research report on Tuesday, January 21st. UBS Group raised their price objective on shares of Electronic Arts from $138.00 to $152.00 and gave the stock a "neutral" rating in a research note on Thursday. Citigroup lowered their price objective on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Finally, StockNews.com downgraded Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $155.30.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the 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 sale, the insider now directly owns 26,216 shares in the company, valued at $3,801,320. This trade represents a 3.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the sale, the chief executive officer now directly owns 42,615 shares of the company's stock, valued at $6,080,308.20. The trade was a 10.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock valued at $3,015,990 in the last 90 days. 0.22% of the stock is owned by company insiders.

Electronic Arts Company 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.