USA Financial Formulas Acquires New Position in Electronic Arts Inc. $EA

USA Financial Formulas bought a new position in Electronic Arts Inc. (NASDAQ:EA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,696 shares of the game software company’s stock, valued at approximately $1,956,000. Electronic Arts comprises approximately 0.3% of USA Financial Formulas’ holdings, making the stock its 23rd biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of EA. Salomon & Ludwin LLC lifted its holdings in shares of Electronic Arts by 70.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after acquiring an additional 68 shares during the last quarter. Moody National Bank Trust Division grew its holdings in shares of Electronic Arts by 1.4% during the 3rd quarter. Moody National Bank Trust Division now owns 5,125 shares of the game software company’s stock valued at $1,034,000 after purchasing an additional 71 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Electronic Arts by 3.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock worth $323,000 after purchasing an additional 72 shares during the period. Financial Management Professionals Inc. lifted its stake in Electronic Arts by 13.6% in the second quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock worth $102,000 after purchasing an additional 76 shares during the last quarter. Finally, STF Management LP boosted its position in Electronic Arts by 2.0% during the second quarter. STF Management LP now owns 3,944 shares of the game software company’s stock valued at $630,000 after buying an additional 76 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA opened at $203.92 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $204.64. The company has a 50-day simple moving average of $201.71 and a two-hundred day simple moving average of $178.28. The firm has a market capitalization of $51.00 billion, a PE ratio of 59.63, a price-to-earnings-growth ratio of 2.45 and a beta of 0.76.

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

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, December 3rd. Electronic Arts’s payout ratio is 22.22%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. DZ Bank cut shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Argus set a $210.00 price target on shares of Electronic Arts in a report on Thursday, October 30th. Citigroup boosted their price objective on shares of Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Cowen lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Wednesday, October 1st. Finally, Jefferies Financial Group cut Electronic Arts from a “buy” rating to a “hold” rating and raised their target price for the stock from $200.00 to $210.00 in a research note on Tuesday, September 30th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and a consensus price target of $181.21.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $204.11, for a total transaction of $244,932.00. Following the sale, the insider owned 33,560 shares of the company’s stock, valued at $6,849,931.60. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $510,275.00. Following the completion of the sale, the insider owned 53,148 shares in the company, valued at approximately $10,848,038.28. This trade represents a 4.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 141,169 shares of company stock worth $28,242,586. 0.24% of the stock is owned by insiders.

Electronic Arts Company 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.