Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA) by 50.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,445 shares of the game software company’s stock after selling 1,463 shares during the period. Private Advisor Group LLC’s holdings in Electronic Arts were worth $211,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in EA. Robeco Institutional Asset Management B.V. raised its position in shares of Electronic Arts by 51.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after acquiring an additional 373,730 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Electronic Arts by 8,503.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock valued at $45,626,000 after acquiring an additional 314,388 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter valued at approximately $40,154,000. Huntington National Bank raised its position in shares of Electronic Arts by 983.4% during the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after acquiring an additional 234,098 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Electronic Arts by 28.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 940,942 shares of the game software company’s stock valued at $134,969,000 after acquiring an additional 206,623 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of the sale, the chief executive officer now directly owns 47,615 shares in the company, valued at approximately $7,047,020. This trade represents a 9.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.11, for a total value of $130,110.00. Following the sale, the chief financial officer now owns 9,516 shares of the company’s stock, valued at $1,238,126.76. The trade was a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,500 shares of company stock worth $3,428,645 in the last quarter. 0.22% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Robert W. Baird lowered their price objective on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. StockNews.com downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Stifel Nicolaus lowered their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Wedbush restated an “outperform” rating and set a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. Finally, DA Davidson assumed coverage on Electronic Arts in a research note on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price objective for the company. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $154.78.

Electronic Arts Trading Up 2.0 %

Shares of Electronic Arts stock opened at $136.79 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a market cap of $35.65 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The business has a fifty day simple moving average of $134.07 and a 200-day simple moving average of $145.39. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, equities analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a $0.19 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.56%. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Electronic Arts 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.