Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Blue Trust Inc.

Blue Trust Inc. trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 68.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 946 shares of the game software company's stock after selling 2,029 shares during the quarter. Blue Trust Inc.'s holdings in Electronic Arts were worth $138,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EA. Creative Planning boosted its holdings in Electronic Arts by 5.3% in the third quarter. Creative Planning now owns 26,676 shares of the game software company's stock valued at $3,826,000 after purchasing an additional 1,351 shares in the last quarter. Raymond James & Associates lifted its stake in Electronic Arts by 10.7% in the third quarter. Raymond James & Associates now owns 129,387 shares of the game software company's stock valued at $18,559,000 after buying an additional 12,468 shares during the last quarter. Signaturefd LLC lifted its stake in Electronic Arts by 5.8% in the third quarter. Signaturefd LLC now owns 4,371 shares of the game software company's stock valued at $627,000 after buying an additional 238 shares during the last quarter. Lecap Asset Management Ltd. purchased a new stake in Electronic Arts in the third quarter valued at approximately $914,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in Electronic Arts in the third quarter valued at approximately $209,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EA has been the subject of a number of research reports. Bank of America boosted their price objective on Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Wedbush reiterated an "outperform" rating and issued a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. BMO Capital Markets reduced their price objective 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. Benchmark reduced their price objective on Electronic Arts from $163.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Finally, UBS Group boosted their price objective on Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $154.55.

Electronic Arts Price Performance

NASDAQ:EA traded up $0.94 during trading hours on Friday, hitting $130.93. The company's stock had a trading volume of 4,866,189 shares, compared to its average volume of 4,233,704. The business's 50-day moving average is $137.62 and its two-hundred day moving average is $146.34. The company has a market capitalization of $34.12 billion, a PE ratio of 33.32, a PEG ratio of 3.54 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted 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 net margin of 14.28% and a return on equity of 17.80%. As a group, research analysts anticipate that Electronic Arts Inc. will post 4.75 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is 19.34%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $130.83, for a total value of $327,075.00. Following the sale, the insider now directly owns 47,514 shares of the company's stock, valued at approximately $6,216,256.62. This trade represents a 5.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value 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. The trade was a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,500 shares of company stock valued at $2,812,285 over the last quarter. Insiders own 0.22% of the company's stock.

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.