Mediolanum International Funds Ltd Boosts Stake in Electronic Arts Inc. $EA

Mediolanum International Funds Ltd boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 97.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,952 shares of the game software company’s stock after acquiring an additional 45,880 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Electronic Arts were worth $14,662,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Salomon & Ludwin LLC raised its stake in Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Electronic Arts by 3.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock worth $323,000 after acquiring an additional 72 shares in the last quarter. Bank of Jackson Hole Trust raised its position in Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after purchasing an additional 75 shares in the last quarter. Financial Management Professionals Inc. lifted its stake in Electronic Arts by 13.6% during the second quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock worth $102,000 after purchasing an additional 76 shares during the last quarter. Finally, STF Management LP boosted its holdings in shares of Electronic Arts by 2.0% in the 2nd quarter. STF Management LP now owns 3,944 shares of the game software company’s stock worth $630,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $200.69 on Friday. The firm has a market capitalization of $50.05 billion, a price-to-earnings ratio of 58.68, a PEG ratio of 3.04 and a beta of 0.74. The stock has a fifty day moving average of $195.40 and a 200 day moving average of $170.57. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $203.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company posted $1.11 earnings per share. The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. As a group, research analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 22.22%.

Analyst Ratings Changes

EA has been the topic of a number of recent research reports. Wells Fargo & Company set a $168.00 price target on shares of Electronic Arts and gave the company an “equal weight” rating in a research report on Monday, July 28th. Jefferies Financial Group lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and increased their target price for the company from $200.00 to $210.00 in a report on Tuesday, September 30th. Robert W. Baird reiterated a “neutral” rating and issued a $210.00 target price (up previously from $170.00) on shares of Electronic Arts in a research report on Monday, September 29th. Baird R W lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Citigroup raised their price objective on Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $181.64.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $201.42, for a total value of $241,704.00. Following the completion of the transaction, the insider directly owned 34,760 shares in the company, valued at $7,001,359.20. This trade represents a 3.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $201.05, for a total transaction of $1,005,250.00. Following the completion of the sale, the chief executive officer owned 48,858 shares in the company, valued at approximately $9,822,900.90. This trade represents a 9.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 42,400 shares of company stock worth $8,175,651. 0.24% of the stock is owned by insiders.

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.