DLD Asset Management LP Takes Position in Electronic Arts Inc. $EA

DLD Asset Management LP acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,862 shares of the game software company’s stock, valued at approximately $4,006,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. grew its position in Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after acquiring an additional 69 shares in the last quarter. Oakworth Capital Inc. bought a new stake in Electronic Arts in the third quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. increased its position in 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 worth $34,000 after buying an additional 95 shares during the last quarter. MTM Investment Management LLC acquired a new position in Electronic Arts during the second quarter worth $30,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Electronic Arts during the second quarter valued at about $37,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $1,020,550.00. Following the completion of the sale, the chief executive officer directly owned 43,858 shares of the company’s stock, valued at $8,951,856.38. This represents a 10.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total transaction of $299,850.00. Following the completion of the sale, the chief financial officer owned 5,897 shares in the company, valued at $1,178,810.30. This represents a 20.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,600 shares of company stock valued at $5,589,823 in the last 90 days. 0.24% of the stock is owned by company insiders.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $198.00 on Monday. Electronic Arts Inc. has a 12 month low of $131.15 and a 12 month high of $204.88. The company has a market cap of $49.55 billion, a P/E ratio of 74.44, a P/E/G ratio of 2.36 and a beta of 0.75. The business’s 50 day moving average is $202.42 and its two-hundred day moving average is $196.30. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be paid 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 dividend payout ratio is presently 28.57%.

Analyst Ratings Changes

EA has been the topic of a number of analyst reports. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Citigroup lowered their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Finally, Zacks Research cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Three 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $188.30.

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.