Aviso Financial Inc. lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 32.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,567 shares of the game software company's stock after selling 2,652 shares during the quarter. Aviso Financial Inc.'s holdings in Electronic Arts were worth $814,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Electronic Arts by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company's stock valued at $954,358,000 after acquiring an additional 26,505 shares during the last quarter. Amundi boosted its holdings in shares of Electronic Arts by 4.3% during the 4th quarter. Amundi now owns 2,990,729 shares of the game software company's stock valued at $431,315,000 after acquiring an additional 122,494 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Electronic Arts by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company's stock worth $261,772,000 after purchasing an additional 23,289 shares during the period. Swedbank AB lifted its stake in shares of Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock worth $235,224,000 after purchasing an additional 95,190 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of 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. Hedge funds and other institutional investors own 90.23% of the company's stock.
Insider Activity at Electronic Arts
In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $148.18, for a total transaction of $148,180.00. Following the completion of the transaction, the chief financial officer now directly owns 8,750 shares of the company's stock, valued at $1,296,575. The trade was a 10.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Friday, December 20th. The stock was sold at an average price of $148.00, for a total transaction of $740,000.00. Following the transaction, the chief executive officer now directly owns 47,615 shares of the company's stock, valued at $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. Over the last ninety days, insiders sold 23,000 shares of company stock valued at $3,194,240. 0.22% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on EA shares. Raymond James cut shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. Moffett Nathanson upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a research note on Friday, January 31st. Benchmark lowered their price objective on shares of Electronic Arts from $163.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Citigroup lowered their price objective on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, BMO Capital Markets lowered their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $154.78.
Get Our Latest Report on EA
Electronic Arts Price Performance
Shares of EA stock traded up $0.10 on Wednesday, reaching $141.97. The company's stock had a trading volume of 2,527,686 shares, compared to its average volume of 2,381,335. The stock's fifty day simple moving average is $132.75 and its 200-day simple moving average is $144.73. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. 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 has a market capitalization of $37.00 billion, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.
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 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%. Analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.
Electronic Arts Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.
About Electronic Arts
(
Free Report)
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.
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