Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its position in Electronic Arts Inc. (NASDAQ:EAGet Rating) by 10.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,515,510 shares of the game software company’s stock after selling 501,686 shares during the quarter. Invesco Ltd. owned approximately 1.61% of Electronic Arts worth $571,258,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EA. Tortoise Investment Management LLC lifted its stake in Electronic Arts by 294.1% in the first quarter. Tortoise Investment Management LLC now owns 201 shares of the game software company’s stock worth $25,000 after acquiring an additional 150 shares during the last quarter. Tyler Stone Wealth Management purchased a new stake in shares of Electronic Arts during the 4th quarter worth approximately $33,000. Stonebridge Capital Advisors LLC lifted its position in shares of Electronic Arts by 164.9% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 294 shares of the game software company’s stock worth $37,000 after buying an additional 183 shares during the last quarter. Herold Advisors Inc. purchased a new stake in shares of Electronic Arts during the 1st quarter worth approximately $38,000. Finally, Confluence Wealth Services Inc. purchased a new stake in shares of Electronic Arts during the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 90.65% of the company’s stock.

Electronic Arts Stock Up 1.4 %

EA opened at $128.93 on Friday. The firm has a 50 day moving average price of $128.27 and a 200 day moving average price of $127.51. The company has a market cap of $35.85 billion, a PE ratio of 40.80, a price-to-earnings-growth ratio of 3.93 and a beta of 0.84. Electronic Arts Inc. has a 1 year low of $109.24 and a 1 year high of $146.93. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.24.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 21st. Investors of record on Wednesday, August 31st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Tuesday, August 30th. Electronic Arts’s dividend payout ratio (DPR) is presently 24.05%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Credit Suisse Group dropped their price objective on shares of Electronic Arts from $159.00 to $154.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 3rd. TheStreet raised shares of Electronic Arts from a “c+” rating to a “b” rating in a research note on Friday, May 20th. Wells Fargo & Company upped their price target on shares of Electronic Arts from $145.00 to $155.00 and gave the stock a “maintains” rating in a research note on Thursday, August 4th. Moffett Nathanson cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and upped their price target for the stock from $141.00 to $147.00 in a research note on Friday, June 10th. Finally, The Goldman Sachs Group upped their price target on shares of Electronic Arts from $125.00 to $133.00 and gave the stock a “neutral” rating in a research note on Thursday, June 9th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $152.57.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 7,373 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $130.05, for a total value of $958,858.65. Following the completion of the sale, the chief executive officer now owns 29,242 shares of the company’s stock, valued at $3,802,922.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Jacob J. Schatz sold 6,816 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $132.52, for a total transaction of $903,256.32. Following the completion of the sale, the insider now owns 17,251 shares of the company’s stock, valued at $2,286,102.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 7,373 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $130.05, for a total value of $958,858.65. Following the transaction, the chief executive officer now owns 29,242 shares in the company, valued at $3,802,922.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,701 shares of company stock valued at $12,120,180. 0.37% of the stock is currently owned by corporate insiders.

About Electronic Arts

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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.

See Also

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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