Electronic Arts Inc. (NASDAQ:EA) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lessened its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 9.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 935,415 shares of the game software company's stock after selling 96,431 shares during the period. CANADA LIFE ASSURANCE Co owned 0.36% of Electronic Arts worth $136,747,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Claro Advisors LLC grew its position in shares of Electronic Arts by 3.4% in the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock valued at $334,000 after purchasing an additional 75 shares in the last quarter. Intrust Bank NA grew its holdings in shares of Electronic Arts by 3.3% during the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock valued at $362,000 after purchasing an additional 78 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Electronic Arts by 11.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock worth $119,000 after acquiring an additional 81 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock worth $550,000 after purchasing an additional 82 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in shares of Electronic Arts by 1.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company's stock worth $708,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Trading Up 3.1 %

Shares of EA traded up $4.38 during mid-day trading on Tuesday, reaching $146.31. The company's stock had a trading volume of 680,882 shares, compared to its average volume of 2,623,088. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The stock has a market cap of $38.13 billion, a PE ratio of 37.24, a P/E/G ratio of 3.58 and a beta of 0.79. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The company's fifty day moving average price is $138.05 and its two-hundred day moving average price is $144.41.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts' consensus estimates 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, analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. Electronic Arts's payout ratio is 19.34%.

Insider Activity

In other news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the transaction, the chief executive officer now owns 37,615 shares in the company, valued at approximately $4,895,216.10. This represents a 11.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the sale, the insider now directly owns 28,216 shares of the company's stock, valued at $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,000 shares of company stock valued at $2,305,890 in the last ninety days. Insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EA. DA Davidson assumed coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price objective on the stock. Benchmark boosted their target price on shares of Electronic Arts from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Ascendiant Capital Markets boosted their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Bank of America lifted their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Finally, BNP Paribas cut Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price on the stock. in a research report on Monday, January 27th. 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.com, Electronic Arts presently has a consensus rating of "Hold" and a consensus price target of $154.00.

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.