WINTON GROUP Ltd has significantly increased its investment in Electronic Arts Inc. (NASDAQ: EA), boosting its stake by 234.8% during the third quarter of 2023. The institutional investor now holds 32,498 shares of the gaming software company after acquiring an additional 22,790 shares during this period. According to the latest filing with the Securities and Exchange Commission (SEC), WINTON GROUP’s holdings are valued at approximately $6,555,000.
Several other hedge funds have also made noteworthy adjustments to their positions in Electronic Arts. For instance, Walter Public Investments Inc. increased its stake by 41.7% during the same quarter, bringing its total holdings to 48,017 shares valued at about $9,685,000 after purchasing an additional 14,134 shares. Similarly, NatWest Group plc established a new stake worth approximately $10,414,000, while Great Lakes Advisors LLC acquired shares valued at around $1,025,000.
Principal Financial Group Inc. also expanded its investment by 35.4%, now owning 390,971 shares valued at approximately $78,859,000 following the acquisition of an additional 102,248 shares. Furthermore, OPTIMAS CAPITAL Ltd entered the market with a new stake worth approximately $1,815,000. Collectively, institutional investors currently own 90.23% of Electronic Arts’ stock.
In addition to institutional investments, insider trading activity has been noted. On February 17, insider Laura Miele sold 2,500 shares at an average price of $199.53, totaling $498,825. Following this transaction, Miele’s remaining holdings are valued at approximately $9,645,878.79, representing a 4.92% reduction in her ownership.
Another insider, Vijayanthimala Singh, sold 1,200 shares on the same day at an average price of $200.63, equating to $240,756. Singh now holds 31,160 shares, valued at around $6,251,630.80, marking a 3.71% decrease in her stake. In total, company insiders have sold 27,600 shares valued at $5,589,823 over the past 90 days, with insiders holding 0.24% of the stock.
Electronic Arts’ stock opened at $198.00 on Monday, with its 50-day moving average at $202.42 and its 200-day moving average at $196.30. The company has a market capitalization of $49.55 billion, a price-to-earnings ratio of 74.44, and a debt-to-equity ratio of 0.24. Over the past year, shares have fluctuated between a low of $131.15 and a high of $204.88.
Recently, Electronic Arts announced a quarterly dividend of $0.19, set to be paid on March 18, 2024, to shareholders of record on February 25, 2024. This equates to an annualized dividend of $0.76 with a yield of 0.4%. The company’s current dividend payout ratio stands at 28.57%.
Based in Redwood City, California, Electronic Arts Inc. was founded in 1982 by Trip Hawkins. The company develops, publishes, and distributes video games across various platforms, including consoles, personal computers, and mobile devices. Its portfolio comprises numerous well-known franchises and live-service experiences enjoyed by players globally.
For further updates on hedge fund holdings and insider trades related to Electronic Arts, visit HoldingsChannel.com for the latest 13F filings and news.
