Fmr LLC Sells 226,170 Shares of Electronic Arts Inc. (NASDAQ:EA)

FMR LLC lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 37.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 371,869 shares of the game software company's stock after selling 226,170 shares during the quarter. FMR LLC owned 0.14% of Electronic Arts worth $53,341,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts during the third quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Electronic Arts during the 2nd quarter worth approximately $28,000. Family Firm Inc. bought a new stake in shares of Electronic Arts in the 2nd quarter worth approximately $33,000. Reston Wealth Management LLC purchased a new position in Electronic Arts in the third quarter valued at approximately $36,000. Finally, Gradient Investments LLC grew its holdings in Electronic Arts by 592.1% during the second quarter. Gradient Investments LLC now owns 263 shares of the game software company's stock valued at $37,000 after purchasing an additional 225 shares during the period. 90.23% of the stock is owned by institutional investors.

Insider Activity

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $146.58, for a total value of $219,870.00. Following the transaction, the executive vice president now owns 26,360 shares of the company's stock, valued at approximately $3,863,848.80. This represents a 5.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the sale, the insider now directly owns 29,190 shares of the company's stock, valued at $4,181,175.60. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,000 shares of company stock valued at $3,086,270 over the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $160.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. DZ Bank upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and lifted their price objective for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Roth Mkm increased their target price on Electronic Arts from $154.00 to $158.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. BMO Capital Markets reiterated an "outperform" rating and issued a $160.00 price target (up from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. dropped their price objective on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.37.

Electronic Arts Stock Up 0.8 %

Shares of NASDAQ EA traded up $1.39 on Friday, reaching $167.01. 1,651,787 shares of the company's stock traded hands, compared to its average volume of 1,744,879. The business's 50 day simple moving average is $153.97 and its two-hundred day simple moving average is $146.56. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.50. The company has a market cap of $43.80 billion, a price-to-earnings ratio of 42.93, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Wednesday, November 27th. Electronic Arts's dividend payout ratio is currently 19.54%.

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.