Aviva PLC Lowers Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Aviva PLC trimmed its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 337,198 shares of the game software company's stock after selling 11,765 shares during the quarter. Aviva PLC owned about 0.13% of Electronic Arts worth $49,332,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EA. Dynamic Technology Lab Private Ltd bought a new stake in Electronic Arts during the fourth quarter valued at about $1,084,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Electronic Arts during the fourth quarter worth about $14,741,000. Motley Fool Asset Management LLC grew its position in shares of Electronic Arts by 14.5% during the fourth quarter. Motley Fool Asset Management LLC now owns 13,982 shares of the game software company's stock worth $2,046,000 after purchasing an additional 1,772 shares in the last quarter. Westpac Banking Corp raised its stake in Electronic Arts by 12.8% during the 4th quarter. Westpac Banking Corp now owns 34,121 shares of the game software company's stock valued at $4,992,000 after purchasing an additional 3,881 shares during the period. Finally, Bryce Point Capital LLC purchased a new position in Electronic Arts in the 4th quarter worth approximately $881,000. Institutional investors own 90.23% of the company's stock.

Analyst Upgrades and Downgrades

EA has been the topic of a number of research reports. Oppenheimer reduced their price target on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, January 21st. Moffett Nathanson raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a report on Friday, January 31st. BMO Capital Markets dropped their price target on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Wedbush restated an "outperform" rating and set a $173.00 price target on shares of Electronic Arts in a report on Thursday, January 23rd. Finally, Roth Mkm decreased their price objective on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Electronic Arts has a consensus rating of "Hold" and an average target price of $155.30.

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Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the transaction, the insider now directly owns 28,216 shares of the company's stock, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares of the company's stock, valued at $6,080,308.20. The trade was a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,000 shares of company stock worth $3,015,990. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Trading Up 2.2 %

EA stock traded up $3.06 during trading on Friday, hitting $142.45. The company had a trading volume of 851,379 shares, compared to its average volume of 2,603,911. The company has a 50 day simple moving average of $136.02 and a 200-day simple moving average of $144.32. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The firm has a market capitalization of $37.12 billion, a P/E ratio of 36.19, a PEG ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its earnings results 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 return on equity of 17.80% and a net margin of 14.28%. As a group, research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.53%. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.

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.