Susquehanna Portfolio Strategies LLC Decreases Stake in Electronic Arts Inc. (NASDAQ:EA)

Susquehanna Portfolio Strategies LLC lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,212 shares of the game software company’s stock after selling 3,725 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Electronic Arts were worth $14,241,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EA. Vanguard Group Inc. increased its holdings in Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after buying an additional 3,727,251 shares during the last quarter. Capital International Investors increased its stake in shares of Electronic Arts by 16.4% during the 1st quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock worth $782,920,000 after purchasing an additional 833,492 shares during the last quarter. Ninety One UK Ltd raised its holdings in shares of Electronic Arts by 1.3% in the 2nd quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock worth $596,825,000 after purchasing an additional 53,237 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Electronic Arts by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after purchasing an additional 18,376 shares during the last quarter. Finally, FIL Ltd grew its holdings in Electronic Arts by 4.4% during the fourth quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock valued at $469,011,000 after purchasing an additional 145,466 shares during the period. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Performance

Electronic Arts stock opened at $144.65 on Friday. The firm has a fifty day simple moving average of $145.89 and a two-hundred day simple moving average of $137.94. Electronic Arts Inc. has a twelve month low of $117.70 and a twelve month high of $153.51. The company has a market capitalization of $38.44 billion, a PE ratio of 30.91, a P/E/G ratio of 1.91 and a beta of 0.79. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Research analysts expect that Electronic Arts Inc. will post 5.93 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s payout ratio is 16.24%.

Analyst Ratings Changes

Several research firms have commented on EA. Stifel Nicolaus upped their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Benchmark reissued a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Jefferies Financial Group began coverage on shares of Electronic Arts in a report on Thursday, July 11th. They issued a “buy” rating and a $165.00 price objective for the company. Roth Mkm reissued a “neutral” rating and set a $154.00 target price on shares of Electronic Arts in a report on Thursday, September 19th. Finally, Raymond James increased their target price on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $161.94.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction on Monday, July 1st. The shares were sold at an average price of $139.71, for a total value of $111,768.00. Following the sale, the insider now owns 38,574 shares in the company, valued at $5,389,173.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Stuart Canfield sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total value of $435,000.00. Following the completion of the transaction, the chief financial officer now owns 7,553 shares in the company, valued at approximately $1,095,185. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.71, for a total value of $111,768.00. Following the completion of the sale, the insider now directly owns 38,574 shares in the company, valued at $5,389,173.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,570 shares of company stock worth $3,621,343. 0.22% of the stock is currently owned by insiders.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.