Caprock Group LLC Buys New Shares in Electronic Arts Inc. $EA

Caprock Group LLC bought a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,588 shares of the game software company’s stock, valued at approximately $1,329,000.

Other hedge funds have also recently bought and sold shares of the company. Ballentine Partners LLC boosted its holdings in shares of Electronic Arts by 1.2% in the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock valued at $965,000 after buying an additional 59 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in shares of Electronic Arts by 5.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock valued at $212,000 after acquiring an additional 59 shares during the period. Linden Thomas Advisory Services LLC increased its stake in shares of Electronic Arts by 3.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock worth $392,000 after purchasing an additional 67 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in shares of Electronic Arts by 70.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares during the period. Finally, SBI Securities Co. Ltd. lifted its stake in Electronic Arts by 20.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company’s stock valued at $80,000 after purchasing an additional 68 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $200.62 on Friday. The business has a fifty day moving average price of $203.46 and a two-hundred day moving average price of $192.61. The stock has a market capitalization of $50.21 billion, a PE ratio of 75.42, a P/E/G ratio of 2.42 and a beta of 0.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. Electronic Arts Inc. has a fifty-two week low of $128.02 and a fifty-two week high of $204.88.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, February 25th. Electronic Arts’s payout ratio is currently 28.57%.

Insider Activity

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $204.26, for a total transaction of $1,021,300.00. Following the completion of the transaction, the chief executive officer owned 38,858 shares of the company’s stock, valued at approximately $7,937,135.08. The trade was a 11.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $204.30, for a total value of $245,160.00. Following the sale, the insider owned 32,360 shares of the company’s stock, valued at approximately $6,611,148. This represents a 3.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 123,769 shares of company stock valued at $24,943,734. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

EA has been the topic of a number of recent analyst reports. Citigroup lowered their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Argus set a $210.00 price target on Electronic Arts in a report on Thursday, October 30th. Benchmark reiterated a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Finally, Morgan Stanley raised their target price on shares of Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Four research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $186.95.

Electronic Arts 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.