Sumitomo Mitsui Trust Group Inc. Has $93.65 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Sumitomo Mitsui Trust Group Inc. cut its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 640,120 shares of the game software company's stock after selling 2,621 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Electronic Arts worth $93,650,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EA. Ashton Thomas Securities LLC acquired a new position in Electronic Arts during the third quarter worth $25,000. Pinnacle Bancorp Inc. raised its holdings in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Electronic Arts during the third quarter worth $36,000. Larson Financial Group LLC raised its holdings in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its holdings in Electronic Arts by 1,458.3% during the fourth quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company's stock worth $55,000 after purchasing an additional 350 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

Shares of Electronic Arts stock traded down $2.18 on Wednesday, reaching $131.17. 3,070,883 shares of the company were exchanged, compared to its average volume of 4,366,713. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.38. The company's 50-day moving average is $142.62 and its two-hundred day moving average is $147.26. The firm has a market cap of $34.19 billion, a price-to-earnings ratio of 33.38, a P/E/G ratio of 2.74 and a beta of 0.79. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings data 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%. As a group, research analysts expect that Electronic Arts Inc. will post 4.99 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts's payout ratio is currently 19.34%.

Insider Buying and Selling at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $163.30, for a total transaction of $244,950.00. Following the completion of the sale, the executive vice president now directly owns 23,360 shares of the company's stock, valued at $3,814,688. This trade represents a 6.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the sale, the insider now owns 47,514 shares of the company's stock, valued at $6,216,256.62. The trade was a 5.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,000 shares of company stock valued at $3,889,585. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EA shares. UBS Group boosted their price target on Electronic Arts from $155.00 to $160.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Stifel Nicolaus cut their price target on Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. Wedbush reissued an "outperform" rating and issued a $173.00 price target on shares of Electronic Arts in a report on Thursday, January 23rd. Moffett Nathanson upgraded Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their target price on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $155.24.

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.