ProShare Advisors LLC Buys 121,241 Shares of Electronic Arts Inc. $EA

ProShare Advisors LLC boosted its stake in Electronic Arts Inc. (NASDAQ:EA) by 38.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 435,764 shares of the game software company’s stock after acquiring an additional 121,241 shares during the period. ProShare Advisors LLC owned 0.17% of Electronic Arts worth $89,040,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Electronic Arts by 35.4% in the third quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company’s stock worth $78,859,000 after purchasing an additional 102,248 shares in the last quarter. Great Lakes Advisors LLC purchased a new position in shares of Electronic Arts in the third quarter worth about $1,025,000. OPTIMAS CAPITAL Ltd purchased a new position in shares of Electronic Arts in the third quarter worth about $1,815,000. Greenland Capital Management LP purchased a new position in shares of Electronic Arts in the third quarter worth about $5,569,000. Finally, Swiss Life Asset Management Ltd increased its stake in shares of Electronic Arts by 75.8% in the third quarter. Swiss Life Asset Management Ltd now owns 85,245 shares of the game software company’s stock worth $17,194,000 after purchasing an additional 36,769 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ EA opened at $201.70 on Wednesday. Electronic Arts Inc. has a 1 year low of $141.19 and a 1 year high of $204.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $50.58 billion, a PE ratio of 57.79, a P/E/G ratio of 2.22 and a beta of 0.66. The company’s 50 day simple moving average is $201.84 and its two-hundred day simple moving average is $202.22.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 21.78%.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $200.54, for a total value of $501,350.00. Following the sale, the insider directly owned 40,843 shares in the company, valued at $8,190,655.22. This represents a 5.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $200.54, for a total transaction of $1,002,700.00. Following the completion of the sale, the chief executive officer owned 18,858 shares in the company, valued at $3,781,783.32. This represents a 20.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,100 shares of company stock worth $5,252,250 in the last three months. 0.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Citigroup lifted their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a research note on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $196.64.

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.