Y Intercept Hong Kong Ltd Grows Stake in Electronic Arts Inc. (NASDAQ:EA)

Y Intercept Hong Kong Ltd boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 252.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 41,970 shares of the game software company’s stock after buying an additional 30,055 shares during the period. Electronic Arts comprises 0.4% of Y Intercept Hong Kong Ltd’s portfolio, making the stock its 29th biggest holding. Y Intercept Hong Kong Ltd’s holdings in Electronic Arts were worth $6,140,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Swedbank AB increased its stake in Electronic Arts by 6.3% during the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after buying an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of Electronic Arts during the fourth quarter worth approximately $217,000. Huntington National Bank increased its position in shares of Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after purchasing an additional 234,098 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Electronic Arts during the fourth quarter worth approximately $13,845,000. Finally, Dai ichi Life Insurance Company Ltd grew its holdings in shares of Electronic Arts by 20.8% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock worth $9,205,000 after buying an additional 11,058 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction on Monday, December 16th. The stock was sold at an average price of $156.27, for a total value of $234,405.00. Following the completion of the transaction, the executive vice president now directly owns 24,886 shares in the company, valued at approximately $3,888,935.22. This trade represents a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the transaction, the insider now owns 30,216 shares of the company’s stock, valued at $4,969,021.20. The trade was a 3.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,500 shares of company stock valued at $3,593,095. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Stock Performance

NASDAQ:EA opened at $130.93 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market capitalization of $34.12 billion, a P/E ratio of 33.32, a PEG ratio of 3.58 and a beta of 0.79. The company has a 50 day moving average price of $137.09 and a 200 day moving average price of $146.25. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Equities research analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EA shares. Oppenheimer dropped their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Wedbush reaffirmed an “outperform” rating and set a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. Benchmark dropped their price target on Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Robert W. Baird dropped their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. Finally, UBS Group upped their target price on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $154.55.

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.