38,549 Shares in Electronic Arts Inc. $EA Purchased by Capricorn Fund Managers Ltd

Capricorn Fund Managers Ltd acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,549 shares of the game software company’s stock, valued at approximately $7,877,000. Electronic Arts comprises about 1.9% of Capricorn Fund Managers Ltd’s investment portfolio, making the stock its 16th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock valued at $500,000 after buying an additional 294 shares in the last quarter. Empowered Funds LLC grew its stake in Electronic Arts by 167.0% in the 1st quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock valued at $2,790,000 after buying an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Electronic Arts by 150.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after acquiring an additional 190 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Electronic Arts during the second quarter worth $532,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Electronic Arts by 70.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,058 shares of the game software company’s stock worth $329,000 after acquiring an additional 851 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $203.60 on Monday. The firm has a market cap of $50.95 billion, a PE ratio of 76.54, a PEG ratio of 2.19 and a beta of 0.73. 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 1 year low of $131.15 and a 1 year high of $204.88. The company has a 50 day simple moving average of $201.23 and a two-hundred day simple moving average of $200.60.

Electronic Arts Dividend Announcement

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

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $199.95, for a total value of $999,750.00. Following the completion of the sale, the chief executive officer owned 28,858 shares of the company’s stock, valued at approximately $5,770,157.10. This represents a 14.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction on 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 in the company, valued at approximately $1,178,810.30. This represents a 20.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 27,600 shares of company stock worth $5,553,319 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

EA has been the subject of several recent research reports. Citigroup reduced their price target 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. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and an average target price of $188.30.

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.