Russell Investments Group Ltd. Buys 322,655 Shares of Electronic Arts Inc. $EA

Russell Investments Group Ltd. increased its position in Electronic Arts Inc. (NASDAQ:EA) by 122.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 587,097 shares of the game software company’s stock after purchasing an additional 322,655 shares during the period. Russell Investments Group Ltd. owned approximately 0.23% of Electronic Arts worth $93,595,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in EA. Salomon & Ludwin LLC increased its position in shares of Electronic Arts by 70.1% during the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after acquiring an additional 68 shares during the last quarter. Bank of Jackson Hole Trust lifted its holdings in Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after purchasing an additional 75 shares during the last quarter. MTM Investment Management LLC bought a new position in Electronic Arts in the 2nd quarter worth approximately $30,000. Frazier Financial Advisors LLC grew its position in shares of Electronic Arts by 328.9% in the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after purchasing an additional 148 shares in the last quarter. Finally, NewSquare Capital LLC grew its holdings in Electronic Arts by 67.5% during the 2nd quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock valued at $31,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Electronic Arts stock opened at $201.92 on Thursday. The company has a market cap of $50.50 billion, a PE ratio of 59.04, a price-to-earnings-growth ratio of 3.04 and a beta of 0.74. The company’s 50-day moving average price is $197.15 and its 200-day moving average price is $171.67. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $203.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 earnings per share. On average, equities research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, December 3rd. Electronic Arts’s dividend payout ratio (DPR) is 22.22%.

Analyst Ratings Changes

A number of equities analysts have weighed in on EA shares. Argus set a $210.00 target price on Electronic Arts in a research note on Thursday, October 30th. UBS Group set a $210.00 price objective on Electronic Arts and gave the company a “neutral” rating in a research note on Tuesday, September 30th. Morgan Stanley boosted their price objective on shares of Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Roth Capital downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and increased their price target for the stock from $185.00 to $210.00 in a research note on Thursday, October 2nd. Finally, Cowen downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $181.64.

Insider Transactions at Electronic Arts

In other news, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $201.65, for a total transaction of $302,475.00. Following the sale, the chief financial officer owned 5,595 shares in the company, valued at approximately $1,128,231.75. The trade was a 21.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeff Huber sold 79,381 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $201.17, for a total transaction of $15,969,075.77. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 137,369 shares of company stock worth $27,307,702. 0.24% of the stock is currently owned by corporate insiders.

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.