Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL lessened its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 56.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,905 shares of the game software company's stock after selling 3,721 shares during the quarter. Chesapeake Capital Corp IL's holdings in Electronic Arts were worth $425,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EA. Los Angeles Capital Management LLC raised its stake in Electronic Arts by 353.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock worth $185,692,000 after acquiring an additional 989,319 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Electronic Arts by 51.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company's stock worth $160,893,000 after purchasing an additional 373,730 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Electronic Arts by 8,503.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company's stock worth $45,626,000 after purchasing an additional 314,388 shares during the period. Raymond James Financial Inc. purchased a new stake in Electronic Arts in the fourth quarter valued at approximately $34,334,000. Finally, Anchor Capital Advisors LLC increased its holdings in Electronic Arts by 5,606.4% in the 4th quarter. Anchor Capital Advisors LLC now owns 219,013 shares of the game software company's stock worth $32,042,000 after buying an additional 215,175 shares during the period. Hedge funds and other institutional investors own 90.23% of the company's stock.

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Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the sale, the chief executive officer now owns 37,615 shares of the company's stock, valued at approximately $4,895,216.10. This trade represents a 11.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stuart Canfield sold 1,000 shares of the company's 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 owns 8,750 shares of the company's stock, valued at approximately $1,296,575. The trade was a 10.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock valued at $3,166,740 in the last 90 days. Company insiders own 0.22% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Bank of America lifted their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Benchmark decreased their target price on shares of Electronic Arts from $163.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Raymond James downgraded Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 23rd. Moffett Nathanson upgraded Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price objective for the company in a research note on Friday, January 31st. Finally, Wedbush restated an "outperform" rating and issued a $173.00 target price on shares of Electronic Arts in a research note on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Electronic Arts presently has an average rating of "Hold" and a consensus target price of $154.78.

Electronic Arts Trading Up 0.7 %

Shares of NASDAQ EA traded up $1.05 during mid-day trading on Friday, reaching $144.30. 9,254,820 shares of the company's stock were exchanged, compared to its average volume of 2,408,865. The firm has a market capitalization of $37.61 billion, a price-to-earnings ratio of 36.72, a PEG ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company's 50-day moving average is $132.76 and its 200-day moving average is $144.64. 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 (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%. Analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

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

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.