Polar Asset Management Partners Inc. purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 104,300 shares of the game software company’s stock, valued at approximately $21,037,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. boosted its stake in Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares during the last quarter. Oakworth Capital Inc. acquired a new stake in shares of Electronic Arts in the third quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Electronic Arts by 131.9% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock valued at $34,000 after buying an additional 95 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the second quarter worth about $37,000. Finally, Kilter Group LLC purchased a new position in shares of Electronic Arts in the second quarter worth about $42,000. 90.23% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $199.95, for a total transaction of $499,875.00. Following the completion of the sale, the insider owned 45,843 shares in the company, valued at $9,166,307.85. This trade represents a 5.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $199.69, for a total transaction of $239,628.00. Following the sale, the insider directly owned 29,960 shares in the company, valued at approximately $5,982,712.40. The trade was a 3.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 27,600 shares of company stock valued at $5,553,319 over the last three months. 0.24% of the stock is currently owned by company insiders.
Electronic Arts Stock Up 0.2%
Electronic Arts Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s payout ratio is 28.57%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Zacks Research cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Finally, Citigroup lowered their target price on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Electronic Arts presently has an average rating of “Hold” and a consensus target price of $188.30.
Get Our Latest Stock Report on EA
More Electronic Arts News
Here are the key news stories impacting Electronic Arts this week:
- Positive Sentiment: Take‑private financing advancing — A JPMorgan‑led syndicate has begun marketing a ~$5.75B term‑loan B (part of a larger financing package) tied to the $55B buyout, signaling momentum behind the deal and supporting the takeover premium for public EA shareholders. Back-to-back Qualtrics, EA debt sales to test bond investors’ appetites
- Neutral Sentiment: Market test for the debt package — Banks have started preparing to offload roughly $18B of debt tied to the take‑private; successful placement would clear a major execution hurdle, while weak demand could force terms changes or slow the timeline. Banks prepare to offload $18bn in debt tied to EA take-private deal
- Neutral Sentiment: Potential product/strategy changes under new ownership — Coverage about buyer plans and possible changes to EA titles is circulating; these items shape long‑term fundamentals but don’t alter the near‑term financing story. $55 billion EA takeover: Changes coming to your favourite games
- Negative Sentiment: Insider selling — Multiple insiders, including CEO Andrew Wilson (5,000 shares), EVP Laura Miele (2,500 shares) and other executives sold shares on March 16; contemporaneous sales by senior executives can raise governance/questions about timing or diversification, and may weigh on sentiment absent explanation. Andrew Wilson Form 4 Laura Miele Form 4 Vijayanthimala Singh Form 4
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.
See Also
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