Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Value Partners Investments Inc.

Value Partners Investments Inc. reduced its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 92.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,753 shares of the game software company's stock after selling 296,187 shares during the quarter. Electronic Arts comprises 0.1% of Value Partners Investments Inc.'s holdings, making the stock its 19th largest holding. Value Partners Investments Inc.'s holdings in Electronic Arts were worth $3,768,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Claro Advisors LLC grew 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 during the period. Intrust Bank NA increased its holdings in Electronic Arts by 3.3% during the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company's stock worth $362,000 after purchasing an additional 78 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Electronic Arts by 11.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock worth $119,000 after buying an additional 81 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Electronic Arts by 2.2% in the fourth 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 lifted its position in shares of Electronic Arts by 1.7% during the fourth 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. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business'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 directly owns 26,216 shares in the company, valued at approximately $3,801,320. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $145.65, for a total transaction of $218,475.00. Following the sale, the executive vice president now directly owns 19,033 shares of the company's stock, valued at $2,772,156.45. The trade was a 7.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,000 shares of company stock valued at $3,019,290. Company insiders own 0.22% of the company's stock.

Electronic Arts Price Performance

Shares of NASDAQ EA traded up $2.64 during mid-day trading on Friday, reaching $145.61. The company's stock had a trading volume of 1,761,861 shares, compared to its average volume of 2,627,366. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The stock has a fifty day moving average of $137.83 and a two-hundred day moving average of $144.38. The firm has a market capitalization of $37.95 billion, a PE ratio of 37.05, a P/E/G ratio of 3.58 and a beta of 0.79.

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

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts's payout ratio is presently 19.34%.

Analysts Set New Price Targets

Several research firms have commented on EA. Morgan Stanley dropped their target price on shares of Electronic Arts from $150.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Thursday. Oppenheimer cut their price objective on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 21st. Roth Mkm decreased their target price on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. Moffett Nathanson raised shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a report on Friday, January 31st. Finally, BNP Paribas downgraded shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price objective for the company. in a report on Monday, January 27th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $154.65.

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.