66,500 Shares in Electronic Arts Inc. $EA Acquired by Calamos Advisors LLC

Calamos Advisors LLC bought a new position in Electronic Arts Inc. (NASDAQ:EA) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 66,500 shares of the game software company’s stock, valued at approximately $13,413,000.

A number of other hedge funds have also added to or reduced their stakes in EA. Salomon & Ludwin LLC grew its holdings in shares of Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after acquiring an additional 68 shares during the period. MTM Investment Management LLC purchased a new position in Electronic Arts in the second quarter worth about $30,000. Frazier Financial Advisors LLC grew its stake in shares of Electronic Arts by 328.9% during the 2nd 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 during the period. NewSquare Capital LLC grew its stake in shares of 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 purchasing an additional 79 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Electronic Arts during the 2nd quarter valued at about $37,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EA. Wedbush restated a “neutral” rating and set a $200.00 target price on shares of Electronic Arts in a research report on Monday, September 29th. Robert W. Baird reissued a “neutral” rating and set a $210.00 price objective (up previously from $170.00) on shares of Electronic Arts in a research report on Monday, September 29th. Morgan Stanley raised their target price on Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. TD Cowen lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 1st. Finally, Citigroup upped their price target on Electronic Arts from $206.00 to $207.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $181.21.

Electronic Arts Price Performance

NASDAQ:EA opened at $204.35 on Wednesday. The business’s 50-day simple moving average is $202.27 and its two-hundred day simple moving average is $181.27. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $204.84. The stock has a market cap of $51.11 billion, a PE ratio of 59.75, a P/E/G ratio of 2.41 and a beta of 0.76. 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 the consensus estimate of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $1.11 EPS. The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. As a group, analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 22.22%.

Insider Activity at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $201.06, for a total transaction of $502,650.00. Following the completion of the transaction, the insider owned 55,648 shares in the company, valued at $11,188,586.88. This trade represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $204.11, for a total value of $244,932.00. Following the completion of the sale, the insider directly owned 33,560 shares in the company, valued at $6,849,931.60. This trade represents a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 122,469 shares of company stock valued at $24,650,681 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

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.