US Bancorp DE Sells 8,118 Shares of Electronic Arts Inc. (NASDAQ:EA)

US Bancorp DE lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,292 shares of the game software company's stock after selling 8,118 shares during the quarter. US Bancorp DE's holdings in Electronic Arts were worth $18,623,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB increased its position in Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock worth $235,224,000 after acquiring an additional 95,190 shares during the period. Atomi Financial Group Inc. acquired a new stake in Electronic Arts during the fourth quarter worth $217,000. Huntington National Bank boosted its stake in Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company's stock worth $36,993,000 after buying an additional 234,098 shares in the last quarter. Fisher Funds Management LTD acquired a new stake in Electronic Arts during the fourth quarter worth $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in Electronic Arts during the fourth quarter worth $13,845,000. Institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Down 1.0 %

Shares of NASDAQ EA opened at $129.12 on Monday. The firm's 50-day simple moving average is $135.08 and its 200 day simple moving average is $145.72. The company has a market cap of $33.65 billion, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50.

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 (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%. On average, research analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.59%. Electronic Arts's dividend payout ratio is currently 19.34%.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of recent research reports. Bank of America lifted 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. Raymond James downgraded shares of Electronic Arts from an "outperform" rating to a "market perform" rating 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. Moffett Nathanson upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a research note on Friday, January 31st. Finally, Argus lifted their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Electronic Arts presently has an average rating of "Hold" and a consensus target price of $154.55.

Insiders Place Their Bets

In other news, CFO Stuart Canfield sold 1,000 shares of the company's stock in a transaction dated Thursday, December 26th. The stock was 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 of the company's stock, valued at $1,296,575. This represents a 10.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the sale, the chief executive officer now directly owns 47,615 shares of the company's stock, valued at approximately $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. In the last three months, insiders sold 24,500 shares of company stock valued at $3,428,645. 0.22% of the stock is currently owned by 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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