Greenland Capital Management LP Purchases Shares of 27,611 Electronic Arts Inc. $EA

Greenland Capital Management LP acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,611 shares of the game software company’s stock, valued at approximately $5,569,000.

Several other institutional investors have also recently made changes to their positions in EA. Ameriprise Financial Inc. lifted its holdings in Electronic Arts by 44.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after purchasing an additional 1,300,336 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Electronic Arts by 176.6% during the 2nd quarter. Acadian Asset Management LLC now owns 1,862,898 shares of the game software company’s stock valued at $297,465,000 after buying an additional 1,189,455 shares in the last quarter. State Street Corp raised its position in shares of Electronic Arts by 5.8% during the second quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after buying an additional 932,024 shares during the last quarter. Man Group plc lifted its holdings in shares of Electronic Arts by 165.5% in the second quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock worth $204,296,000 after buying an additional 797,461 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Electronic Arts by 50.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock worth $377,726,000 after acquiring an additional 791,978 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on EA. Zacks Research downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Argus set a $210.00 target price on Electronic Arts in a research report on Thursday, October 30th. Benchmark restated a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Finally, Citigroup decreased their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $186.95.

Electronic Arts Trading Up 0.0%

Shares of EA stock opened at $200.48 on Tuesday. Electronic Arts Inc. has a 1 year low of $128.02 and a 1 year high of $204.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s 50 day simple moving average is $203.03 and its two-hundred day simple moving average is $194.59. The company has a market cap of $50.17 billion, a PE ratio of 75.37, a price-to-earnings-growth ratio of 2.41 and a beta of 0.74.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be given a $0.19 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 28.57%.

Insider Activity

In other news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $204.11, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $200.63, for a total transaction of $240,756.00. Following the transaction, the insider owned 31,160 shares in the company, valued at $6,251,630.80. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 27,600 shares of company stock valued at $5,589,823 over the last ninety days. 0.24% of the stock is owned by corporate 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.