Northwest & Ethical Investments L.P. Trims Stake in Electronic Arts Inc. (NASDAQ:EA)

Northwest & Ethical Investments L.P. reduced its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,629 shares of the game software company's stock after selling 14,969 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Electronic Arts were worth $13,259,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EA. Los Angeles Capital Management LLC grew its position in shares of Electronic Arts by 353.4% in 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 acquiring an additional 989,319 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Electronic Arts by 51.5% in the fourth 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 buying an additional 373,730 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Electronic Arts by 8,503.9% during the third 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 period. Teacher Retirement System of Texas grew its position in Electronic Arts by 165.7% in the 4th quarter. Teacher Retirement System of Texas now owns 417,817 shares of the game software company's stock worth $61,127,000 after purchasing an additional 260,567 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Electronic Arts in the 4th quarter worth approximately $34,334,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

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Analysts Set New Price Targets

Several brokerages recently commented on EA. Stifel Nicolaus dropped their target price on Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. Raymond James downgraded Electronic Arts from an "outperform" rating to a "market perform" rating in a report on Thursday, January 23rd. StockNews.com cut Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. DA Davidson began coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price objective on the stock. Finally, Robert W. Baird decreased their target price on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a research note on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $155.65.

Insider Activity at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of the firm's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $148.18, for a total value of $148,180.00. Following the completion of the sale, the chief financial officer now directly owns 8,750 shares in the company, valued at $1,296,575. This trade represents a 10.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the completion of the sale, the chief executive officer now directly owns 32,615 shares of the company's stock, valued at approximately $4,647,637.50. The trade was a 13.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,000 shares of company stock worth $3,166,740. 0.22% of the stock is owned by company insiders.

Electronic Arts Price Performance

Electronic Arts stock traded up $0.25 during midday trading on Monday, reaching $144.55. The company's stock had a trading volume of 2,848,070 shares, compared to its average volume of 2,410,621. The stock has a market cap of $37.67 billion, a PE ratio of 36.78, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. 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 52 week low of $115.21 and a 52 week high of $168.50. The business has a 50-day moving average price of $132.81 and a 200-day moving average price of $144.61.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly 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 net margin of 14.28% and a return on equity of 17.80%. On average, sell-side analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.53%. Electronic Arts's dividend 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.