Susquehanna Fundamental Investments LLC Purchases 58,089 Shares of Electronic Arts Inc. (NASDAQ:EA)

Susquehanna Fundamental Investments LLC raised its position in Electronic Arts Inc. (NASDAQ:EA) by 87.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 124,363 shares of the game software company’s stock after buying an additional 58,089 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Electronic Arts were worth $17,327,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Electronic Arts by 14.7% in the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after buying an additional 3,727,251 shares in the last quarter. Capital International Investors boosted its stake in Electronic Arts by 16.4% in the first quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock valued at $782,920,000 after buying an additional 833,492 shares in the last quarter. Ninety One UK Ltd boosted its stake in Electronic Arts by 1.3% in the second quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock valued at $596,825,000 after buying an additional 53,237 shares in the last quarter. Massachusetts Financial Services Co. MA boosted 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 buying an additional 18,376 shares in the last quarter. Finally, FIL Ltd boosted its stake in Electronic Arts by 4.4% in the fourth quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock valued at $469,011,000 after buying an additional 145,466 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com raised Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Roth Mkm reissued a “neutral” rating and set a $154.00 price target on shares of Electronic Arts in a research note on Thursday, September 19th. TD Cowen lifted their price target on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group lifted their price target on Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, Oppenheimer lifted their price target on Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus target price of $161.94.

Electronic Arts Trading Up 0.7 %

Shares of Electronic Arts stock opened at $144.65 on Friday. The stock has a fifty day simple moving average of $145.89 and a 200 day simple moving average of $137.94. Electronic Arts Inc. has a 12-month low of $117.70 and a 12-month high of $153.51. The company has a market capitalization of $38.44 billion, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 1.91 and a beta of 0.79. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. On average, sell-side analysts anticipate that Electronic Arts Inc. will post 5.93 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

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

Insider Activity

In other news, 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 transaction of $111,768.00. Following the transaction, the insider now owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $146.58, for a total transaction of $219,870.00. Following the sale, the executive vice president now owns 26,360 shares of the company’s stock, valued at approximately $3,863,848.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.71, for a total value of $111,768.00. Following the sale, the insider now directly owns 38,574 shares in the company, valued at approximately $5,389,173.54. The disclosure for this sale can be found here. Insiders have sold 24,570 shares of company stock valued at $3,621,343 in the last 90 days. Insiders own 0.22% of the company’s stock.

Electronic Arts Profile

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.