Activist Investor Paul Singer’s 5 Latest Stock Picks

2. Electronic Arts Inc. (NASDAQ:EA)

Elliott Management’s Stake Value: $60.82 million

Percentage of Elliott Management’s 13F Portfolio: 0.7%

Number of Hedge Fund Holders: 46

Electronic Arts Inc. (NASDAQ:EA) is an American video game and interactive entertainment software company that delivers games, content and online services for Internet-connected consoles, personal computers, mobile phones and tablets. Elliot Management holds 500,000 shares in Electronic Arts Inc. (NASDAQ: EA), worth $60.82 million, representing 0.7% of the fund’s portfolio.

At the close of the second quarter of 2022, Electronic Arts Inc. (NASDAQ:EA) was spotted on 46 investment portfolios. The combined stakes of these funds in the company amounted to $800.12 million. Jim Simons’ Renaissance Technologies was the dominating stakeholder in Electronic Arts Inc. (NASDAQ:EA) at the end of June 2022, with stakes valued at $182.63 million

On September 13, Jefferies analyst Andrew Uerkwitz reiterated a Buy rating and $130 price target on Electronic Arts Inc. (NASDAQ:EA) shares. Speaking on the company’s projects, the analyst stated that he is “getting a little worried” about the timing of “Need for Speed,” arguing that with a December quarter launch window, this title is most at risk to be delayed among the company’s major game projects.

Here is what Mayar Capital has to say about Electronic Arts Inc. (NASDAQ:EA) in its Q2 2022 investor letter:

“Electronic Arts is also developing as we would expect. The business enjoyed strong engagement last year with players of EA games spending 20% more time than even during 2020, helped by the delayed sales of the PS5 console. A potentially important development is the ongoing negotiation between EA and FIFA regarding the licensing of the FIFA brand for the EA football game. Strongly worded public statements have been slung from both parties as part of the negotiation process, but this could certainly be an opportunity for EA.”