Wolverine Asset Management LLC Grows Stock Holdings in Electronic Arts Inc. $EA

Wolverine Asset Management LLC grew its holdings in Electronic Arts Inc. (NASDAQ:EA) by 652.5% during the 4th quarter, Holdings Channel reports. The fund owned 24,081 shares of the game software company’s stock after purchasing an additional 20,881 shares during the period. Wolverine Asset Management LLC’s holdings in Electronic Arts were worth $4,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in EA. Pentwater Capital Management LP purchased a new stake in shares of Electronic Arts in the 3rd quarter valued at $968,160,000. Ameriprise Financial Inc. boosted its holdings in shares of 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 valued at $673,393,000 after acquiring an additional 1,300,336 shares during the last quarter. Man Group plc boosted its holdings in shares of Electronic Arts by 165.5% in the 2nd quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock valued at $204,296,000 after acquiring an additional 797,461 shares during the last quarter. Quinn Opportunity Partners LLC purchased a new stake in shares of Electronic Arts in the 3rd quarter valued at $156,760,000. Finally, First Trust Advisors LP boosted its holdings in shares of Electronic Arts by 26.3% in the 3rd quarter. First Trust Advisors LP now owns 3,069,543 shares of the game software company’s stock valued at $619,127,000 after acquiring an additional 638,667 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

EA opened at $202.09 on Monday. 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 firm has a fifty day moving average price of $201.84 and a 200 day moving average price of $202.20. Electronic Arts Inc. has a 1 year low of $141.19 and a 1 year high of $204.88. The stock has a market cap of $50.57 billion, a P/E ratio of 75.97, a P/E/G ratio of 2.17 and a beta of 0.66.

Wall Street Analyst Weigh In

Several research firms have recently commented on EA. Citigroup dropped their price objective on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Electronic Arts presently has an average rating of “Hold” and a consensus target price of $188.30.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $203.25, for a total transaction of $243,900.00. Following the completion of the transaction, the insider directly owned 28,760 shares in the company, valued at approximately $5,845,470. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $199.53, for a total transaction of $498,825.00. Following the transaction, the insider owned 48,343 shares of the company’s stock, valued at $9,645,878.79. This represents a 4.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 27,600 shares of company stock valued at $5,544,159. 0.24% of the stock is currently owned by company insiders.

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.