Eagle Rock Investment Company LLC Has $2.09 Million Stock Holdings in Electronic Arts Inc. $EA

Eagle Rock Investment Company LLC reduced its stake in Electronic Arts Inc. (NASDAQ:EA) by 41.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,227 shares of the game software company’s stock after selling 7,386 shares during the period. Eagle Rock Investment Company LLC’s holdings in Electronic Arts were worth $2,090,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Pentwater Capital Management LP acquired a new position in Electronic Arts during the 3rd quarter worth approximately $968,160,000. Ameriprise Financial Inc. grew its stake in Electronic Arts by 44.6% in the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after acquiring an additional 1,300,336 shares during the period. State Street Corp increased its holdings in shares of Electronic Arts by 5.8% during the second quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after acquiring an additional 932,024 shares in the last quarter. Man Group plc raised its position in shares of Electronic Arts by 165.5% during the second quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock worth $204,296,000 after purchasing an additional 797,461 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Electronic Arts by 50.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock worth $377,726,000 after purchasing an additional 791,978 shares during the period. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Up 0.0%

EA stock opened at $202.01 on Friday. The firm has a market capitalization of $50.55 billion, a PE ratio of 75.94, a P/E/G ratio of 2.40 and a beta of 0.75. 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 Inc. has a twelve month low of $131.15 and a twelve month high of $204.88. The stock’s 50 day moving average is $201.30 and its 200-day moving average is $199.06.

Electronic Arts Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup dropped their price objective on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $188.30.

Insider Activity

In related news, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total transaction of $299,850.00. Following the transaction, the chief financial officer directly owned 5,897 shares of the company’s stock, valued at $1,178,810.30. This trade represents a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $199.95, for a total transaction of $499,875.00. Following the transaction, the insider owned 45,843 shares in the company, valued at approximately $9,166,307.85. This trade represents a 5.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,600 shares of company stock valued at $5,553,319 over the last quarter. 0.24% of the stock is owned by insiders.

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.