Blueshift Asset Management LLC Has $214,000 Stock Position in Electronic Arts Inc. $EA

Blueshift Asset Management LLC lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 79.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,341 shares of the game software company’s stock after selling 5,267 shares during the quarter. Blueshift Asset Management LLC’s holdings in Electronic Arts were worth $214,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its holdings in shares of Electronic Arts by 197.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company’s stock worth $421,524,000 after purchasing an additional 1,936,313 shares during the period. Alyeska Investment Group L.P. acquired a new stake in Electronic Arts during the first quarter worth about $225,102,000. Nuveen LLC bought a new position in Electronic Arts during the first quarter valued at about $203,537,000. Goldman Sachs Group Inc. raised its holdings in Electronic Arts by 62.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock valued at $470,197,000 after acquiring an additional 1,254,194 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Electronic Arts by 176.6% in the 2nd quarter. Acadian Asset Management LLC now owns 1,862,898 shares of the game software company’s stock worth $297,465,000 after acquiring an additional 1,189,455 shares during the period. 90.23% of the stock is owned by institutional investors.

Electronic Arts Trading Up 0.1%

Shares of EA stock opened at $203.44 on Friday. The company has a market capitalization of $50.88 billion, a P/E ratio of 59.49, a P/E/G ratio of 2.44 and a beta of 0.76. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-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. The firm has a 50-day moving average price of $200.89 and a 200 day moving average price of $173.74.

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

Electronic Arts Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s payout ratio is currently 22.22%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $201.06, for a total transaction of $502,650.00. Following the sale, the insider owned 55,648 shares of the company’s stock, valued at $11,188,586.88. This represents a 4.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $201.42, for a total transaction of $241,704.00. Following the completion of the sale, the insider owned 34,760 shares of the company’s stock, valued at $7,001,359.20. The trade was a 3.34% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 134,869 shares of company stock valued at $26,878,477. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EA has been the subject of a number of recent research reports. Hsbc Global Res lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Oppenheimer cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 30th. Morgan Stanley lifted their target price 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. Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. Finally, Wedbush restated a “neutral” rating and set a $200.00 price target on shares of Electronic Arts in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $181.64.

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.