Electronic Arts Inc. $EA Stock Position Increased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its position in Electronic Arts Inc. (NASDAQ:EA) by 21.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,737 shares of the game software company’s stock after purchasing an additional 3,318 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Electronic Arts were worth $3,829,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Electronic Arts by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock valued at $5,879,205,000 after purchasing an additional 485,030 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Electronic Arts by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock worth $1,382,030,000 after buying an additional 143,195 shares in the last quarter. Pentwater Capital Management LP bought a new stake in shares of Electronic Arts during the 3rd quarter worth about $968,160,000. Ameriprise Financial Inc. raised its position in shares of Electronic Arts by 8.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock worth $926,194,000 after buying an additional 374,840 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Electronic Arts by 4.9% during the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock worth $870,328,000 after buying an additional 202,657 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on EA. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Citigroup boosted their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $196.64.

Electronic Arts Stock Performance

Shares of EA opened at $203.40 on Friday. The firm’s 50 day moving average is $202.20 and its 200-day moving average is $202.29. The stock has a market capitalization of $51.00 billion, a P/E ratio of 58.28, a P/E/G ratio of 2.23 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. Electronic Arts Inc. has a 12-month low of $145.54 and a 12-month high of $204.88.

Electronic Arts Announces Dividend

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

Insider Activity

In other news, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total value of $302,040.00. Following the transaction, the chief financial officer directly owned 25,991 shares of the company’s stock, valued at $5,233,547.76. This trade represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $199.95, for a total transaction of $499,875.00. Following the completion of the transaction, the insider directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 39,906 shares of company stock valued at $8,032,336. 0.24% of the stock is currently 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.