Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Fmr LLC

Fmr LLC lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 37.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 371,869 shares of the game software company’s stock after selling 226,170 shares during the period. Fmr LLC owned approximately 0.14% of Electronic Arts worth $53,341,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. grew its holdings in shares of Electronic Arts by 43.3% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock valued at $193,727,000 after purchasing an additional 420,382 shares in the last quarter. National Bank of Canada FI boosted its position in Electronic Arts by 214.8% in the 2nd quarter. National Bank of Canada FI now owns 533,548 shares of the game software company’s stock valued at $73,264,000 after buying an additional 364,044 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Electronic Arts by 29.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock worth $215,725,000 after acquiring an additional 354,005 shares in the last quarter. abrdn plc increased its position in shares of Electronic Arts by 59.2% during the third quarter. abrdn plc now owns 858,840 shares of the game software company’s stock worth $123,484,000 after acquiring an additional 319,335 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Electronic Arts in the third quarter valued at $40,154,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on EA. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Roth Mkm lifted their price target on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Benchmark reissued a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Electronic Arts Stock Up 0.8 %

Shares of NASDAQ:EA opened at $167.01 on Friday. 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 stock has a market cap of $43.80 billion, a P/E ratio of 42.93, a P/E/G ratio of 2.19 and a beta of 0.79. The firm has a fifty day moving average price of $153.97 and a 200 day moving average price of $146.48.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given 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 presently 19.54%.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now owns 29,190 shares in the company, valued at $4,181,175.60. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the transaction, the chief executive officer now owns 52,615 shares in the company, valued at $8,758,819.05. The trade was a 8.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock valued at $3,086,270 in the last ninety days. Insiders own 0.22% of the company’s stock.

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.