Connor Clark & Lunn Investment Management Ltd. Has $242,000 Stake in Electronic Arts Inc. (NASDAQ:EA)

Connor Clark & Lunn Investment Management Ltd. cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 14.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,687 shares of the game software company’s stock after selling 277 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Electronic Arts were worth $242,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EA. Commerce Bank raised its holdings in Electronic Arts by 1.8% in the 3rd quarter. Commerce Bank now owns 6,596 shares of the game software company’s stock valued at $946,000 after acquiring an additional 116 shares during the period. West Family Investments Inc. increased its stake in shares of Electronic Arts by 6.3% during the third quarter. West Family Investments Inc. now owns 2,635 shares of the game software company’s stock worth $378,000 after purchasing an additional 156 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Electronic Arts by 20.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 50,354 shares of the game software company’s stock worth $7,223,000 after purchasing an additional 8,542 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Electronic Arts in the 3rd quarter valued at $2,362,000. Finally, Fifth Third Wealth Advisors LLC grew its holdings in Electronic Arts by 3.9% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,754 shares of the game software company’s stock valued at $682,000 after buying an additional 180 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total transaction of $353,750.00. Following the transaction, the chief executive officer now owns 54,247 shares in the company, valued at approximately $7,675,950.50. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the transaction, the insider now directly owns 30,190 shares in the company, valued at approximately $4,579,823. The trade was a 3.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,000 shares of company stock worth $3,073,520. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EA. Wedbush reissued an “outperform” rating and issued a $170.00 price objective on shares of Electronic Arts in a report on Friday, October 25th. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Roth Mkm raised their price objective on Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, Robert W. Baird raised their price target on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $165.37.

Electronic Arts Stock Up 0.3 %

Shares of NASDAQ:EA opened at $163.67 on Monday. Electronic Arts Inc. has a 1 year low of $124.92 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The business’s 50-day moving average is $151.54 and its 200-day moving average is $145.14. The company has a market capitalization of $42.93 billion, a price-to-earnings ratio of 42.07, a P/E/G ratio of 2.14 and a beta of 0.78.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.46%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

About Electronic Arts

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.