Nomura Holdings Inc. Cuts Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Nomura Holdings Inc. lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 81.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,939 shares of the game software company’s stock after selling 21,061 shares during the period. Nomura Holdings Inc.’s holdings in Electronic Arts were worth $676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Electronic Arts by 16.3% in the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after purchasing an additional 3,600,388 shares during the last quarter. Capital International Investors raised its stake in Electronic Arts by 8.3% in the 4th quarter. Capital International Investors now owns 5,067,765 shares of the game software company’s stock valued at $693,318,000 after acquiring an additional 386,630 shares during the period. FIL Ltd lifted its holdings in Electronic Arts by 4.4% during the fourth quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock valued at $469,011,000 after purchasing an additional 145,466 shares during the last quarter. Morgan Stanley boosted its position in Electronic Arts by 13.0% during the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after purchasing an additional 389,063 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Electronic Arts by 1.9% in the third quarter. Northern Trust Corp now owns 3,171,252 shares of the game software company’s stock worth $381,819,000 after purchasing an additional 60,359 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $130.66, for a total value of $326,650.00. Following the transaction, the chief executive officer now owns 25,930 shares in the company, valued at $3,388,013.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Electronic Arts news, CAO Eric Charles Kelly sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $133.75, for a total transaction of $401,250.00. Following the completion of the transaction, the chief accounting officer now owns 7,458 shares of the company’s stock, valued at approximately $997,507.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $130.66, for a total value of $326,650.00. Following the completion of the sale, the chief executive officer now owns 25,930 shares in the company, valued at $3,388,013.80. The disclosure for this sale can be found here. Insiders sold 23,539 shares of company stock worth $3,089,969 in the last ninety days. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a report on Wednesday, May 8th. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a research note on Tuesday, April 23rd. StockNews.com cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Tuesday. UBS Group cut their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, March 27th. Finally, BMO Capital Markets decreased their price target on shares of Electronic Arts from $160.00 to $154.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Electronic Arts Stock Down 0.2 %

Shares of NASDAQ EA opened at $137.85 on Friday. The stock has a market capitalization of $36.63 billion, a P/E ratio of 29.46, a PEG ratio of 2.20 and a beta of 0.80. Electronic Arts Inc. has a one year low of $117.47 and a one year high of $144.53. The firm’s 50 day simple moving average is $130.94 and its two-hundred day simple moving average is $134.81. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. As a group, analysts expect that Electronic Arts Inc. will post 5.7 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Wednesday, May 29th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Electronic Arts Company 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.