Electronic Arts Inc. (NASDAQ:EA) Shares Sold by FIL Ltd

FIL Ltd trimmed its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,488,842 shares of the game software company's stock after selling 187,735 shares during the quarter. FIL Ltd owned about 1.34% of Electronic Arts worth $510,418,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. increased its position in shares of Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after acquiring an additional 117 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Electronic Arts in the fourth quarter valued at approximately $32,000. Millstone Evans Group LLC acquired a new position in Electronic Arts during the fourth quarter worth $37,000. SBI Securities Co. Ltd. purchased a new position in shares of Electronic Arts during the fourth quarter worth $41,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Electronic Arts in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Activity

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the transaction, the insider now directly owns 28,216 shares in the company, valued at $3,443,198.48. The trade was a 3.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the transaction, the executive vice president now directly owns 23,386 shares of the company's stock, valued at approximately $3,354,721.70. This trade represents a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock worth $3,015,990 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

EA has been the subject of several research reports. Moffett Nathanson raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research report on Friday, January 31st. Roth Mkm reduced their price objective on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd. Wedbush reissued an "outperform" rating and set a $173.00 target price on shares of Electronic Arts in a research note on Thursday, January 23rd. DA Davidson started coverage on Electronic Arts in a report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price target on the stock. Finally, Raymond James cut Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $155.30.

Electronic Arts Stock Performance

Shares of EA stock traded up $3.54 during trading hours on Friday, hitting $142.93. The stock had a trading volume of 3,116,905 shares, compared to its average volume of 2,617,577. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $37.25 billion, a PE ratio of 36.37, a PEG ratio of 3.58 and a beta of 0.79. The stock's 50 day moving average is $136.45 and its 200 day moving average is $144.34. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced 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 return on equity of 17.80% and a net margin of 14.28%. As a group, research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. Electronic Arts's payout ratio is currently 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.