Prudential PLC Has $12.75 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Prudential PLC reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 23.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,167 shares of the game software company's stock after selling 26,244 shares during the period. Prudential PLC's holdings in Electronic Arts were worth $12,753,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Claro Advisors LLC raised its position in Electronic Arts by 3.4% in the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock valued at $334,000 after purchasing an additional 75 shares in the last quarter. Intrust Bank NA lifted its stake in Electronic Arts by 3.3% in the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock worth $362,000 after acquiring an additional 78 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Electronic Arts by 11.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock worth $119,000 after acquiring an additional 81 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock valued at $550,000 after purchasing an additional 82 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of Electronic Arts by 1.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company's stock valued at $708,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

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Electronic Arts Trading Up 0.9 %

NASDAQ:EA traded up $1.17 on Thursday, hitting $137.75. 1,327,235 shares of the stock were exchanged, compared to its average volume of 2,600,546. The stock has a fifty day moving average of $135.69 and a 200-day moving average of $144.34. The stock has a market cap of $35.90 billion, a PE ratio of 35.05, a PEG ratio of 3.58 and a beta of 0.79. 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 fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) 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, equities analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. Electronic Arts's dividend payout ratio is currently 19.34%.

Insider Activity

In related news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total transaction 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 $3,354,721.70. This trade represents a 6.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares in the company, valued at approximately $3,801,320. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,000 shares of company stock valued at $3,015,990. 0.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Oppenheimer lowered their price objective on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday, January 21st. DA Davidson assumed coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 target price on the stock. UBS Group increased their target price on shares of Electronic Arts from $138.00 to $152.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. 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 research report on Wednesday, February 5th. Finally, StockNews.com cut Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $155.30.

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.