Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. trimmed its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 295,384 shares of the game software company's stock after selling 3,335 shares during the quarter. Capital Group Private Client Services Inc. owned about 0.11% of Electronic Arts worth $43,215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB grew its position in Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock valued at $235,224,000 after buying an additional 95,190 shares during the period. Atomi Financial Group Inc. acquired a new stake in shares of Electronic Arts during the 4th quarter valued at about $217,000. Huntington National Bank increased its stake in shares of Electronic Arts by 31.4% in the 4th quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock valued at $49,577,000 after purchasing an additional 80,968 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Electronic Arts by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock worth $213,089,000 after purchasing an additional 36,153 shares during the period. Finally, Fisher Funds Management LTD purchased a new position in Electronic Arts during the fourth quarter worth approximately $3,730,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Trading Down 1.9 %

NASDAQ:EA traded down $2.71 during trading hours on Wednesday, reaching $143.16. 940,529 shares of the stock were exchanged, compared to its average volume of 2,628,649. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The business has a 50-day moving average of $138.37 and a two-hundred day moving average of $144.42. The company has a market capitalization of $37.31 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 3.58 and a beta of 0.79. 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 (NASDAQ:EA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, equities analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the sale, the insider now directly owns 28,216 shares of the company's stock, valued at approximately $3,443,198.48. The trade was a 3.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $145.37, for a total value of $726,850.00. Following the completion of the transaction, the chief executive officer now directly owns 27,615 shares in the company, valued at $4,014,392.55. This trade represents a 15.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock worth $3,032,740 over the last 90 days. Corporate insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Oppenheimer lowered their price objective on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, January 21st. Ascendiant Capital Markets lifted their price target on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Raymond James cut Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 23rd. Robert W. Baird decreased their price objective on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd. Finally, Bank of America upped their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. 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 data from MarketBeat.com, Electronic Arts currently has a consensus rating of "Hold" and an average price target of $154.00.

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.