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Allspring Global Investments Holdings LLC Sells 96,929 Shares of Electronic Arts Inc. (NASDAQ:EA)

Electronic Arts logo with Consumer Discretionary background

Allspring Global Investments Holdings LLC decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 32.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,460 shares of the game software company's stock after selling 96,929 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.08% of Electronic Arts worth $28,955,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of EA. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts in the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. increased its stake in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after acquiring an additional 117 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Electronic Arts during the third quarter worth $36,000. Larson Financial Group LLC raised its holdings in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after acquiring an additional 70 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its position in Electronic Arts by 1,458.3% during the fourth quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company's stock valued at $55,000 after purchasing an additional 350 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $130.83, for a total transaction of $327,075.00. Following the completion of the transaction, the insider now owns 47,514 shares in the company, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $148.00, for a total value of $740,000.00. Following the sale, the chief executive officer now directly owns 47,615 shares in the company, 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 90 days, insiders sold 19,500 shares of company stock valued at $2,812,285. Insiders own 0.22% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on EA. StockNews.com lowered Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Raymond James downgraded Electronic Arts from an "outperform" rating to a "market perform" rating in a report on Thursday, January 23rd. UBS Group lifted their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. 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. Finally, Robert W. Baird cut their price target on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $154.55.

Read Our Latest Stock Analysis on Electronic Arts

Electronic Arts Stock Performance

NASDAQ:EA traded up $1.05 during mid-day trading on Wednesday, hitting $129.40. 2,972,493 shares of the company's stock traded hands, compared to its average volume of 4,195,012. The firm has a market capitalization of $33.72 billion, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 3.54 and a beta of 0.79. The firm has a 50 day moving average of $138.96 and a two-hundred day moving average of $146.57. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly earnings data 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%. On average, equities analysts forecast that Electronic Arts Inc. will post 4.75 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. Electronic Arts's payout ratio is 19.34%.

Electronic Arts Company Profile

(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.

See Also

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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