Olympiad Research LP Purchases Shares of 4,964 Electronic Arts Inc. $EA

Olympiad Research LP purchased a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,964 shares of the game software company’s stock, valued at approximately $1,001,000. Electronic Arts makes up about 1.4% of Olympiad Research LP’s holdings, making the stock its 8th largest holding.

Several other institutional investors also recently bought and sold shares of EA. Bailard Inc. raised its holdings in shares of Electronic Arts by 28.4% during the third quarter. Bailard Inc. now owns 7,821 shares of the game software company’s stock valued at $1,577,000 after acquiring an additional 1,730 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in Electronic Arts during the third quarter worth $9,283,000. Sage Mountain Advisors LLC acquired a new position in Electronic Arts in the 3rd quarter valued at about $309,000. Root Financial Partners LLC acquired a new stake in Electronic Arts during the 3rd quarter worth approximately $74,000. Finally, Arkadios Wealth Advisors grew its stake in Electronic Arts by 12.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 8,400 shares of the game software company’s stock worth $1,694,000 after purchasing an additional 931 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Electronic Arts news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $201.65, for a total transaction of $302,475.00. Following the transaction, the chief financial officer owned 5,595 shares of the company’s stock, valued at $1,128,231.75. This trade represents a 21.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeff Huber sold 79,381 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $201.17, for a total transaction of $15,969,075.77. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 123,769 shares of company stock valued at $24,943,734. 0.24% of the stock is owned by company insiders.

Electronic Arts Trading Up 0.1%

Shares of Electronic Arts stock opened at $204.15 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $204.88. The business has a 50 day moving average price of $203.42 and a 200 day moving average price of $186.59. The company has a market capitalization of $51.06 billion, a P/E ratio of 59.69, a P/E/G ratio of 2.41 and a beta of 0.73.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.11 EPS. Sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s payout ratio is currently 22.22%.

Analysts Set New Price Targets

Several research firms have recently issued reports on EA. Jefferies Financial Group cut Electronic Arts from a “buy” rating to a “hold” rating and upped their price objective for the stock from $200.00 to $210.00 in a research report on Tuesday, September 30th. TD Cowen downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 1st. BMO Capital Markets raised their price objective on shares of Electronic Arts from $166.00 to $210.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 30th. UBS Group set a $210.00 target price on shares of Electronic Arts and gave the company a “neutral” rating in a report on Tuesday, September 30th. Finally, Morgan Stanley raised their price target on Electronic Arts from $148.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Four investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $184.36.

Electronic Arts Profile

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.