Electronic Arts Inc. $EA Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its position in Electronic Arts Inc. (NASDAQ:EA) by 121.6% in the first quarter, HoldingsChannel reports. The firm owned 372,273 shares of the game software company’s stock after buying an additional 204,307 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Electronic Arts were worth $75,895,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Ascentis Independent Advisors acquired a new position in Electronic Arts in the 1st quarter valued at about $27,000. MV Capital Management Inc. purchased a new stake in shares of Electronic Arts during the 4th quarter valued at approximately $28,000. Asset Planning Inc purchased a new stake in shares of Electronic Arts during the 1st quarter valued at approximately $32,000. Whipplewood Advisors LLC acquired a new position in Electronic Arts in the first quarter valued at approximately $32,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in Electronic Arts in the fourth quarter valued at $44,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

EA stock opened at $209.08 on Friday. The business has a 50 day moving average price of $204.25 and a 200 day moving average price of $202.80. The stock has a market cap of $52.43 billion, a price-to-earnings ratio of 59.91, a PEG ratio of 2.34 and a beta of 0.64. Electronic Arts Inc. has a fifty-two week low of $146.97 and a fifty-two week high of $209.34. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th were given 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 was Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is 21.78%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Citigroup increased their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen raised Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $196.64.

Insider Activity

In related news, EVP Jacob J. Schatz sold 5,000 shares of the business’s stock in a transaction on 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 sale, the executive vice president directly owned 42,287 shares of the company’s stock, valued at $8,507,721.53. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total value of $302,040.00. Following the transaction, the chief financial officer directly owned 25,991 shares in the company, valued at approximately $5,233,547.76. The trade was a 5.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 31,206 shares of company stock worth $6,292,058 over the last three months. Company insiders own 0.24% of the company’s stock.

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.