Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 529,352 shares of the game software company's stock after selling 13,391 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of Electronic Arts worth $77,444,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. V Square Quantitative Management LLC boosted its position in Electronic Arts by 10.0% during the fourth quarter. V Square Quantitative Management LLC now owns 10,432 shares of the game software company's stock worth $1,526,000 after acquiring an additional 951 shares during the last quarter. Avestar Capital LLC acquired a new stake in Electronic Arts during the fourth quarter worth approximately $230,000. Portfolio Design Labs LLC boosted its position in Electronic Arts by 18.8% during the fourth quarter. Portfolio Design Labs LLC now owns 25,065 shares of the game software company's stock worth $3,667,000 after acquiring an additional 3,968 shares during the last quarter. Sovran Advisors LLC acquired a new stake in Electronic Arts during the fourth quarter worth approximately $214,000. Finally, Arlington Partners LLC boosted its position in Electronic Arts by 1.0% during the fourth quarter. Arlington Partners LLC now owns 28,004 shares of the game software company's stock worth $4,097,000 after acquiring an additional 269 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Up 0.8 %

EA stock traded up $0.99 during mid-day trading on Wednesday, hitting $129.34. 3,558,458 shares of the company were exchanged, compared to its average volume of 4,226,986. The company has a market capitalization of $33.71 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 3.54 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 twelve month low of $115.21 and a twelve month high of $168.50. The firm has a fifty day simple moving average of $138.27 and a 200 day simple moving average of $146.45.

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%. On average, research analysts forecast that Electronic Arts Inc. will post 4.75 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.59%. The ex-dividend date is Wednesday, February 26th. Electronic Arts's dividend payout ratio is currently 19.34%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. DA Davidson assumed coverage on shares of Electronic Arts in a research report on Wednesday. They set a "neutral" rating and a $140.00 target price on the stock. Wedbush reaffirmed an "outperform" rating and set a $173.00 price target on shares of Electronic Arts in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. Bank of America increased their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Finally, Roth Mkm cut their price target on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Electronic Arts has a consensus rating of "Hold" and an average target price of $154.55.

Insiders Place Their Bets

In other news, CFO Stuart Canfield sold 1,000 shares of Electronic Arts 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 transaction, the chief financial officer now directly owns 8,750 shares of the company's stock, valued at approximately $1,296,575. The trade was a 10.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated 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 directly owns 47,615 shares of the company's stock, valued at $7,047,020. This trade represents a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock valued at $2,812,285 in the last ninety days. Corporate insiders own 0.22% of the company's stock.

About Electronic Arts

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.