OMERS ADMINISTRATION Corp Buys 2,396 Shares of Electronic Arts Inc. $EA

OMERS ADMINISTRATION Corp increased its stake in Electronic Arts Inc. (NASDAQ:EAFree Report) by 26.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,561 shares of the game software company’s stock after purchasing an additional 2,396 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Electronic Arts were worth $2,357,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Pentwater Capital Management LP raised its stake in Electronic Arts by 128.1% in the 4th quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock valued at $2,237,414,000 after acquiring an additional 6,150,000 shares during the period. Norges Bank bought a new stake in shares of Electronic Arts in the fourth quarter valued at approximately $643,674,000. HBK Investments L P purchased a new stake in shares of Electronic Arts during the 4th quarter valued at approximately $390,267,000. Ameriprise Financial Inc. boosted its holdings in Electronic Arts by 44.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after buying an additional 1,300,336 shares during the period. Finally, Voloridge Investment Management LLC purchased a new position in Electronic Arts in the 4th quarter valued at approximately $165,153,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total value of $302,040.00. Following the completion of the sale, the chief financial officer owned 25,991 shares in the company, valued at approximately $5,233,547.76. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the completion of the sale, the insider owned 26,360 shares in the company, valued at approximately $5,351,080. This trade represents a 4.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 31,206 shares of company stock worth $6,292,058 over the last three months. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Stock Down 0.1%

Shares of EA opened at $208.87 on Wednesday. Electronic Arts Inc. has a 1 year low of $146.97 and a 1 year high of $209.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a 50 day simple moving average of $204.55 and a two-hundred day simple moving average of $202.86. The firm has a market cap of $52.37 billion, a P/E ratio of 59.85, a P/E/G ratio of 2.34 and a beta of 0.64.

Electronic Arts Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EA shares. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Citigroup upped their price target on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Zacks Research downgraded shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Two equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $198.85.

Read Our Latest Research Report on Electronic Arts

Electronic Arts Profile

(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

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

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