Quantbot Technologies LP Buys 36,299 Shares of Electronic Arts Inc. (NASDAQ:EA)

Quantbot Technologies LP raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 2,432.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,791 shares of the game software company’s stock after purchasing an additional 36,299 shares during the quarter. Quantbot Technologies LP’s holdings in Electronic Arts were worth $5,014,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EA. North Star Investment Management Corp. grew its stake in shares of Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after buying an additional 150 shares in the last quarter. Cape Investment Advisory Inc. grew its position in shares of Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after acquiring an additional 101 shares during the period. Redmont Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the 1st quarter worth about $27,000. Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after purchasing an additional 154,989 shares during the period. Finally, Larson Financial Group LLC acquired a new stake in Electronic Arts in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Price Performance

EA stock traded up $0.38 during midday trading on Friday, reaching $145.68. The company had a trading volume of 2,120,388 shares, compared to its average volume of 2,105,229. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $147.41. The stock has a 50 day moving average price of $134.96 and a 200-day moving average price of $135.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $38.71 billion, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 2.30 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.17). The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. Equities research analysts expect that Electronic Arts Inc. will post 5.68 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th were paid a $0.19 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. Electronic Arts’s payout ratio is 16.24%.

Insider Transactions at Electronic Arts

In other news, CFO Stuart Canfield sold 3,000 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the transaction, the chief financial officer now owns 7,553 shares of the company’s stock, valued at $1,095,185. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the sale, the insider now owns 38,574 shares in the company, valued at approximately $5,389,173.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stuart Canfield sold 3,000 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the transaction, the chief financial officer now owns 7,553 shares of the company’s stock, valued at $1,095,185. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,039 shares of company stock valued at $3,500,356. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EA. BMO Capital Markets lowered their price target on Electronic Arts from $160.00 to $154.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. UBS Group reduced their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Benchmark reissued a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a report on Thursday, April 18th. StockNews.com upgraded Electronic Arts from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Finally, Jefferies Financial Group started coverage on Electronic Arts in a research note on Thursday. They set a “buy” rating and a $165.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Electronic Arts has a consensus rating of “Moderate Buy” and a consensus price target of $148.53.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.