NEOS Investment Management LLC Acquires 37,257 Shares of Electronic Arts Inc. $EA

NEOS Investment Management LLC boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 58.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,987 shares of the game software company’s stock after purchasing an additional 37,257 shares during the period. NEOS Investment Management LLC’s holdings in Electronic Arts were worth $20,369,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. MTM Investment Management LLC acquired a new position in shares of Electronic Arts in the 2nd quarter worth approximately $30,000. Oakworth Capital Inc. bought a new stake in Electronic Arts in the third quarter valued at $30,000. NewSquare Capital LLC raised its stake in Electronic Arts by 67.5% during the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after acquiring an additional 79 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Electronic Arts by 131.9% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock valued at $34,000 after acquiring an additional 95 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the 2nd quarter valued at $37,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $199.53 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $203.32 and a 200 day simple moving average of $193.50. Electronic Arts Inc. has a fifty-two week low of $128.02 and a fifty-two week high of $204.88. The firm has a market cap of $49.93 billion, a P/E ratio of 75.01, a P/E/G ratio of 2.42 and a beta of 0.74.

Electronic Arts Announces Dividend

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

Analyst Upgrades and Downgrades

EA has been the subject of a number of recent analyst reports. Argus set a $210.00 target price on shares of Electronic Arts in a research report on Thursday, October 30th. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Zacks Research downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Benchmark restated a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. Finally, Citigroup cut their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $186.95.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $204.30, for a total value of $245,160.00. Following the transaction, the insider owned 32,360 shares of the company’s stock, valued at approximately $6,611,148. This trade represents a 3.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $204.27, for a total transaction of $510,675.00. Following the sale, the insider directly owned 50,648 shares of the company’s stock, valued at approximately $10,345,866.96. This trade represents a 4.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 115,069 shares of company stock valued at $23,194,130 over the last quarter. 0.24% of the stock is currently owned by corporate insiders.

About Electronic Arts

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.