Integrity Alliance LLC. Acquires New Shares in Electronic Arts Inc. $EA

Integrity Alliance LLC. acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,443 shares of the game software company’s stock, valued at approximately $908,000.

Other hedge funds also recently modified their holdings of the company. Pentwater Capital Management LP bought a new stake in Electronic Arts during the 3rd quarter worth approximately $968,160,000. Ameriprise Financial Inc. grew its holdings in Electronic Arts by 44.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after acquiring an additional 1,300,336 shares during the last quarter. Man Group plc grew its holdings in Electronic Arts by 165.5% during the 2nd quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock worth $204,296,000 after acquiring an additional 797,461 shares during the last quarter. Quinn Opportunity Partners LLC bought a new stake in Electronic Arts during the 3rd quarter worth approximately $156,760,000. Finally, First Trust Advisors LP grew its holdings in Electronic Arts by 26.3% during the 3rd quarter. First Trust Advisors LP now owns 3,069,543 shares of the game software company’s stock worth $619,127,000 after acquiring an additional 638,667 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Argus reissued a “hold” rating on shares of Electronic Arts in a report on Thursday. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Citigroup boosted their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Electronic Arts has an average rating of “Hold” and a consensus price target of $196.64.

Insiders Place Their Bets

In other news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $199.95, for a total value of $499,875.00. Following the transaction, the insider directly owned 45,843 shares of the company’s stock, valued at $9,166,307.85. The trade was a 5.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jacob J. Schatz sold 5,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 42,287 shares in the company, valued at $8,507,721.53. This represents a 10.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 39,906 shares of company stock valued at $8,032,336 over the last 90 days. 0.24% of the stock is owned by company insiders.

Electronic Arts Trading Up 0.2%

NASDAQ:EA opened at $201.15 on Friday. The firm has a market cap of $50.44 billion, a P/E ratio of 57.64, a P/E/G ratio of 2.21 and a beta of 0.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s fifty day moving average is $202.05 and its 200-day moving average is $202.26. Electronic Arts Inc. has a 52 week low of $141.19 and a 52 week high of $204.88.

Electronic Arts Announces Dividend

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

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.