Hudson Bay Capital Management LP Has $5.46 Million Stock Holdings in Electronic Arts Inc. $EA

Hudson Bay Capital Management LP raised its holdings in Electronic Arts Inc. (NASDAQ:EA) by 15.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 34,214 shares of the game software company’s stock after acquiring an additional 4,528 shares during the period. Hudson Bay Capital Management LP’s holdings in Electronic Arts were worth $5,464,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Salomon & Ludwin LLC grew its stake in shares of Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after purchasing an additional 68 shares during the last quarter. MTM Investment Management LLC acquired a new stake in shares of Electronic Arts in the second quarter valued at about $30,000. Frazier Financial Advisors LLC raised its position in shares of Electronic Arts by 328.9% during the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock worth $31,000 after acquiring an additional 148 shares during the last quarter. NewSquare Capital LLC lifted its stake in shares of Electronic Arts by 67.5% in the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after acquiring an additional 79 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Electronic Arts in the second quarter valued at approximately $37,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Up 0.2%

EA opened at $204.20 on Tuesday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $204.64. The company’s 50-day moving average is $201.40 and its 200 day moving average is $176.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $51.07 billion, a P/E ratio of 59.71, a PEG ratio of 2.44 and a beta of 0.76.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the company earned $1.11 earnings per share. The business’s revenue was down 12.6% on a year-over-year basis. Research analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s payout ratio is currently 22.22%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total transaction of $504,475.00. Following the completion of the transaction, the insider owned 53,092 shares in the company, valued at $10,713,434.68. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeff Huber sold 79,381 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $201.17, for a total transaction of $15,969,075.77. The SEC filing for this sale provides additional information. Insiders have sold a total of 132,469 shares of company stock worth $26,466,829 in the last ninety days. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. DZ Bank lowered shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Hsbc Global Res downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Morgan Stanley boosted their target price on shares of Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. TD Cowen downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 1st. Finally, Cowen lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Four investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Electronic Arts has an average rating of “Hold” and a consensus target price of $181.21.

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.