Banco Santander S.A. Sells 51,019 Shares of Electronic Arts Inc. (NASDAQ:EA)

Banco Santander S.A. lessened its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 90.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 5,412 shares of the game software company's stock after selling 51,019 shares during the quarter. Banco Santander S.A.'s holdings in Electronic Arts were worth $776,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EA. Ashton Thomas Securities LLC bought a new stake in Electronic Arts in the third quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Electronic Arts during the 2nd quarter valued at $28,000. Family Firm Inc. bought a new position in Electronic Arts during the second quarter worth $33,000. New Covenant Trust Company N.A. acquired a new stake in Electronic Arts in the first quarter worth $35,000. Finally, Reston Wealth Management LLC bought a new stake in Electronic Arts in the third quarter valued at $36,000. Institutional investors own 90.23% of the company's stock.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the sale, the chief executive officer now directly owns 52,615 shares of the company's stock, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares in the company, valued at $4,675,692.90. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,384 shares of company stock worth $4,776,635 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Performance

Shares of NASDAQ:EA traded down $1.30 during trading on Friday, hitting $166.67. 1,638,060 shares of the company were exchanged, compared to its average volume of 2,062,871. The company has a market cap of $43.71 billion, a PE ratio of 42.85, a P/E/G ratio of 2.19 and a beta of 0.78. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week 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 50 day moving average of $149.36 and a 200 day moving average of $143.74.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts's dividend payout ratio (DPR) is presently 19.54%.

Analysts Set New Price Targets

EA has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. Morgan Stanley restated an "equal weight" rating and set a $150.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. DZ Bank raised shares of Electronic Arts from a "hold" rating to a "buy" rating and raised their price objective for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Roth Mkm lifted their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, Wedbush restated an "outperform" rating and issued a $170.00 target price on shares of Electronic Arts in a report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $165.37.

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.