Yakira Capital Management Inc. acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund acquired 45,870 shares of the game software company’s stock, valued at approximately $9,373,000. Electronic Arts accounts for 3.2% of Yakira Capital Management Inc.’s holdings, making the stock its 4th largest holding.
Other hedge funds have also made changes to their positions in the company. Greenland Capital Management LP acquired a new stake in shares of Electronic Arts during the third quarter worth approximately $5,569,000. Swiss Life Asset Management Ltd grew its position in shares of Electronic Arts by 75.8% during the third quarter. Swiss Life Asset Management Ltd now owns 85,245 shares of the game software company’s stock worth $17,194,000 after buying an additional 36,769 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Electronic Arts by 9.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 110,851 shares of the game software company’s stock worth $22,650,000 after buying an additional 9,297 shares in the last quarter. Barometer Capital Management Inc. acquired a new stake in shares of Electronic Arts during the third quarter worth approximately $4,503,000. Finally, Vestcor Inc grew its position in shares of Electronic Arts by 43.2% during the third quarter. Vestcor Inc now owns 112,668 shares of the game software company’s stock worth $22,725,000 after buying an additional 33,982 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.
Insider Transactions at Electronic Arts
In other news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $203.21, for a total transaction of $508,025.00. Following the completion of the transaction, the insider owned 43,343 shares of the company’s stock, valued at approximately $8,807,731.03. The trade was a 5.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total transaction of $302,040.00. Following the transaction, the chief financial officer directly owned 25,991 shares of the company’s stock, valued at approximately $5,233,547.76. This trade represents a 5.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 31,206 shares of company stock valued at $6,293,083 over the last quarter. Insiders own 0.24% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on Electronic Arts
Electronic Arts Stock Performance
Electronic Arts stock opened at $203.27 on Monday. The company has a market cap of $50.97 billion, a PE ratio of 58.24, a P/E/G ratio of 2.29 and a beta of 0.65. The company has a fifty day moving average price of $202.23 and a two-hundred day moving average price of $202.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. Electronic Arts Inc. has a 12 month low of $146.97 and a 12 month high of $204.88.
Electronic Arts Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Electronic Arts’s payout ratio is currently 21.78%.
Electronic Arts Company Profile
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.
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