Yarbrough Capital LLC Trims Stake in Electronic Arts Inc. (NASDAQ:EA)

Yarbrough Capital LLC reduced its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 29.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,117 shares of the game software company's stock after selling 10,983 shares during the period. Yarbrough Capital LLC's holdings in Electronic Arts were worth $3,821,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Huntington National Bank lifted its position 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 valued at $36,993,000 after purchasing an additional 234,098 shares during the period. Dai ichi Life Insurance Company Ltd lifted its holdings in shares of Electronic Arts by 20.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company's stock valued at $9,205,000 after buying an additional 11,058 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Electronic Arts by 5.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company's stock worth $12,078,000 after buying an additional 4,702 shares during the last quarter. Greenwood Capital Associates LLC bought a new stake in shares of Electronic Arts in the third quarter worth $5,597,000. Finally, Chesapeake Capital Corp IL purchased a new stake in Electronic Arts during the third quarter valued at $950,000. 90.23% of the stock is owned by institutional investors.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00. Following the completion of the sale, the insider now directly owns 29,216 shares of the company's stock, valued at approximately $4,311,405.12. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the transaction, the executive vice president now owns 23,386 shares of the company's stock, valued at approximately $3,354,721.70. The trade was a 6.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,500 shares of company stock worth $3,637,660. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EA. BMO Capital Markets reiterated an "outperform" rating and set a $160.00 target price (up from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. UBS Group boosted their price objective on Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Argus lifted their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Wedbush reissued an "outperform" rating and issued a $170.00 price objective on shares of Electronic Arts in a research note on Friday, October 25th. Finally, Stifel Nicolaus restated a "hold" rating and set a $167.00 price objective on shares of Electronic Arts in a research report on Wednesday, December 18th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.37.

Electronic Arts Price Performance

EA stock traded up $0.86 during trading on Friday, hitting $142.26. 1,061,431 shares of the company's stock traded hands, compared to its average volume of 1,880,141. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50. The stock has a market capitalization of $37.31 billion, a price-to-earnings ratio of 36.57, a P/E/G ratio of 1.84 and a beta of 0.80. The business has a fifty day simple moving average of $155.70 and a 200 day simple moving average of $149.01. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Wednesday, November 27th. Electronic Arts's payout ratio is 19.54%.

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.