Vinva Investment Management Ltd Has $34.94 Million Holdings in Electronic Arts Inc. $EA

Vinva Investment Management Ltd raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 89.8% in the third quarter, Holdings Channel.com reports. The firm owned 172,909 shares of the game software company’s stock after acquiring an additional 81,803 shares during the period. Electronic Arts makes up approximately 0.7% of Vinva Investment Management Ltd’s holdings, making the stock its 20th largest holding. Vinva Investment Management Ltd’s holdings in Electronic Arts were worth $34,936,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EA. EverSource Wealth Advisors LLC raised its position in shares of Electronic Arts by 2.4% during the third quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock valued at $425,000 after buying an additional 50 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of Electronic Arts by 1.2% in the third quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock valued at $965,000 after buying an additional 59 shares during the period. Physician Wealth Advisors Inc. grew its position in Electronic Arts by 5.9% during the third quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock worth $212,000 after buying an additional 59 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in Electronic Arts by 3.6% during the third quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock worth $392,000 after buying an additional 67 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in Electronic Arts by 20.5% during the third quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company’s stock valued at $80,000 after acquiring an additional 68 shares during the period. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $199.50, for a total value of $997,500.00. Following the sale, the chief executive officer directly owned 33,858 shares in the company, valued at approximately $6,754,671. This represents a 12.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total value of $299,850.00. Following the completion of the transaction, the chief financial officer directly owned 5,897 shares of the company’s stock, valued at approximately $1,178,810.30. The trade was a 20.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,600 shares of company stock valued at $5,589,823 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $198.00 on Friday. The firm has a market cap of $49.55 billion, a P/E ratio of 74.44, a price-to-earnings-growth ratio of 2.36 and a beta of 0.75. The firm’s 50-day simple moving average is $202.42 and its 200-day simple moving average is $196.13. Electronic Arts Inc. has a twelve month low of $131.15 and a twelve month high of $204.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Electronic Arts’s payout ratio is presently 28.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EA shares. Zacks Research cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. 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. Finally, UBS Group restated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $188.30.

About Electronic Arts

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.