Stephens Investment Management Group LLC Reduces Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Stephens Investment Management Group LLC decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 1.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 523,173 shares of the game software company's stock after selling 10,204 shares during the period. Electronic Arts comprises about 1.0% of Stephens Investment Management Group LLC's holdings, making the stock its 29th largest holding. Stephens Investment Management Group LLC owned about 0.20% of Electronic Arts worth $76,540,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Electronic Arts by 0.4% in the third quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company's stock worth $954,358,000 after buying an additional 26,505 shares in the last quarter. Swedbank AB raised its holdings in 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 acquiring an additional 95,190 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Electronic Arts by 51.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company's stock valued at $160,893,000 after acquiring an additional 373,730 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Electronic Arts by 28.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 940,942 shares of the game software company's stock valued at $134,969,000 after purchasing an additional 206,623 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Electronic Arts by 8.4% during the 3rd quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company's stock valued at $124,548,000 after purchasing an additional 66,797 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the transaction, the insider now directly owns 30,216 shares of the company's stock, valued at approximately $4,969,021.20. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $163.30, for a total value of $244,950.00. Following the sale, the executive vice president now directly owns 23,360 shares in the company, valued at approximately $3,814,688. The trade was a 6.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,000 shares of company stock worth $3,889,585. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on EA shares. JPMorgan Chase & Co. dropped their target price on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. Stifel Nicolaus dropped their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. Argus upped their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, November 7th. BNP Paribas cut shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price target on the stock. in a research note on Monday, January 27th. Finally, StockNews.com downgraded shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of "Hold" and a consensus price target of $155.24.

Electronic Arts Trading Down 1.6 %

NASDAQ:EA traded down $2.18 during mid-day trading on Wednesday, hitting $131.17. 3,070,883 shares of the stock traded hands, compared to its average volume of 4,366,713. The company has a quick ratio of 1.43, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The stock has a market capitalization of $34.19 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 2.74 and a beta of 0.79. The firm's 50 day moving average is $141.90 and its two-hundred day moving average is $147.14.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS 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%. On average, equities research analysts predict that Electronic Arts Inc. will post 4.99 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.

Electronic Arts Company 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.