R Squared Ltd Cuts Position in Electronic Arts Inc. $EA

R Squared Ltd decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 18.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,953 shares of the game software company’s stock after selling 3,151 shares during the quarter. Electronic Arts makes up about 1.6% of R Squared Ltd’s investment portfolio, making the stock its 4th biggest holding. R Squared Ltd’s holdings in Electronic Arts were worth $2,845,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new position in shares of Electronic Arts during the 1st quarter worth about $27,000. Ameriflex Group Inc. increased its position in shares of Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after acquiring an additional 69 shares during the last quarter. MV Capital Management Inc. bought a new stake in Electronic Arts during the fourth quarter worth about $28,000. Asset Planning Inc bought a new stake in Electronic Arts during the first quarter worth about $32,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in Electronic Arts during the fourth quarter valued at approximately $44,000. Institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EA. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Citigroup increased their price objective on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $196.64.

Electronic Arts Stock Performance

NASDAQ:EA traded up $0.52 on Tuesday, hitting $205.72. The company’s stock had a trading volume of 575,435 shares, compared to its average volume of 2,224,517. Electronic Arts Inc. has a one year low of $146.97 and a one year high of $206.01. The firm has a market capitalization of $51.59 billion, a P/E ratio of 58.95, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64. The stock has a fifty day moving average of $202.50 and a two-hundred day moving average of $202.47. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Electronic Arts’s dividend payout ratio is 21.78%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $201.19, for a total value of $1,005,950.00. Following the transaction, the executive vice president directly owned 42,287 shares in the company, valued at $8,507,721.53. The trade was a 10.57% 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 hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total transaction of $302,040.00. Following the sale, the chief financial officer directly owned 25,991 shares of the company’s stock, valued at $5,233,547.76. The trade was a 5.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 39,906 shares of company stock worth $8,060,033. 0.24% of the stock is currently owned by corporate 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.