First Trust Advisors LP Has $210.70 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

First Trust Advisors LP lessened its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,440,205 shares of the game software company's stock after selling 21,890 shares during the period. First Trust Advisors LP owned about 0.55% of Electronic Arts worth $210,702,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EA. Swedbank AB grew its holdings in shares of Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock valued at $235,224,000 after purchasing an additional 95,190 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Electronic Arts in the 4th quarter worth about $217,000. Huntington National Bank increased its holdings in shares of Electronic Arts by 31.4% in the 4th quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock worth $49,577,000 after acquiring an additional 80,968 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Electronic Arts by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock valued at $213,089,000 after purchasing an additional 36,153 shares during the last quarter. Finally, Fisher Funds Management LTD acquired a new position in shares of Electronic Arts during the fourth quarter worth approximately $3,730,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

Shares of EA traded down $2.05 during mid-day trading on Wednesday, hitting $143.82. The company's stock had a trading volume of 2,410,922 shares, compared to its average volume of 2,634,191. The stock's 50-day moving average is $138.37 and its two-hundred day moving average is $144.42. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $37.48 billion, a PE ratio of 36.60, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced 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 return on equity of 17.80% and a net margin of 14.28%. As a group, sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently disclosed 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 was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts's payout ratio is presently 19.34%.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction 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 sale, the insider now owns 28,216 shares of the company's stock, valued at approximately $3,443,198.48. This trade represents a 3.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $145.37, for a total value of $726,850.00. Following the transaction, the chief executive officer now owns 27,615 shares in the company, valued at $4,014,392.55. This trade represents a 15.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,000 shares of company stock valued at $3,032,740. 0.22% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Oppenheimer reduced their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. Morgan Stanley decreased their price target on Electronic Arts from $150.00 to $135.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Robert W. Baird decreased their target price on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a research note on Thursday, January 23rd. Moffett Nathanson upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a research report on Friday, January 31st. Finally, Ascendiant Capital Markets raised their price objective on shares of Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $154.00.

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.