Jupiter Asset Management Ltd. Reduces Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Jupiter Asset Management Ltd. reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 592,202 shares of the game software company's stock after selling 33,129 shares during the quarter. Electronic Arts accounts for approximately 0.8% of Jupiter Asset Management Ltd.'s holdings, making the stock its 16th largest holding. Jupiter Asset Management Ltd. owned about 0.23% of Electronic Arts worth $86,639,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of EA. Los Angeles Capital Management LLC increased its holdings in Electronic Arts by 353.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock worth $185,692,000 after purchasing an additional 989,319 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Electronic Arts by 51.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company's stock worth $160,893,000 after purchasing an additional 373,730 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Electronic Arts by 8,503.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company's stock valued at $45,626,000 after acquiring an additional 314,388 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Electronic Arts in the 4th quarter valued at approximately $34,334,000. Finally, Huntington National Bank increased its holdings in shares of Electronic Arts by 983.4% in the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company's stock valued at $36,993,000 after acquiring an additional 234,098 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Stock Down 1.8 %

EA stock opened at $137.88 on Wednesday. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The company has a market cap of $35.93 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 3.58 and a beta of 0.78. The company has a 50 day moving average of $133.37 and a two-hundred day moving average of $145.09.

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Electronic Arts (NASDAQ:EA - Get Free Report) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, equities analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently declared 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 is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.55%. Electronic Arts's dividend payout ratio is currently 19.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EA shares. Bank of America boosted their price target on Electronic Arts from $130.00 to $132.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. DA Davidson initiated coverage on Electronic Arts in a research report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price objective for the company. Citigroup reduced their price objective on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Roth Mkm reduced their price target on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. Finally, BNP Paribas cut shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price objective on the stock. in a research note on Monday, January 27th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $154.78.

Insider Activity

In related news, CFO Stuart Canfield sold 1,000 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the transaction, the chief financial officer now directly owns 9,516 shares in the company, valued at approximately $1,238,126.76. This trade represents a 9.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of the transaction, the chief executive officer now 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. In the last 90 days, insiders have sold 24,500 shares of company stock worth $3,428,645. 0.22% of the stock is owned by corporate insiders.

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.

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