Capstone Capital Management Ltd Takes Position in Electronic Arts Inc. $EA

Capstone Capital Management Ltd acquired a new position in Electronic Arts Inc. (NASDAQ:EAFree Report) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 4,009 shares of the game software company’s stock, valued at approximately $819,000.

Other institutional investors also recently bought and sold shares of the company. Ameriflex Group Inc. lifted its holdings in shares of Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after buying an additional 69 shares during the period. Oakworth Capital Inc. purchased a new position in shares of Electronic Arts during the third quarter valued at $30,000. Geneos Wealth Management Inc. increased its stake in shares of Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after buying an additional 190 shares during the period. Salomon & Ludwin LLC raised its holdings in shares of Electronic Arts by 32.8% in the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock valued at $47,000 after acquiring an additional 57 shares in the last quarter. Finally, Tidemark LLC purchased a new stake in Electronic Arts in the third quarter worth about $50,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $199.95, for a total value of $999,750.00. Following the sale, the chief executive officer directly owned 28,858 shares of the company’s stock, valued at approximately $5,770,157.10. This trade represents a 14.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $200.81, for a total value of $240,972.00. Following the completion of the sale, the insider owned 27,560 shares of the company’s stock, valued at $5,534,323.60. This trade represents a 4.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 26,100 shares of company stock worth $5,252,250. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on EA. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup boosted their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $196.64.

View Our Latest Stock Analysis on Electronic Arts

Electronic Arts Price Performance

NASDAQ:EA opened at $201.05 on Tuesday. The firm has a market cap of $50.41 billion, a price-to-earnings ratio of 57.61, a PEG ratio of 2.21 and a beta of 0.66. Electronic Arts Inc. has a one year low of $141.19 and a one year high of $204.88. The firm’s fifty day moving average is $201.77 and its two-hundred day moving average is $202.21. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s payout ratio is 21.78%.

About Electronic Arts

(Free Report)

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.

See Also

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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