1832 Asset Management L.P. Sells 25,930 Shares of Electronic Arts Inc. (NASDAQ:EA)

1832 Asset Management L.P. cut its stake in shares of Electronic Arts Inc. (NASDAQ:EAFree Report) by 73.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,286 shares of the game software company’s stock after selling 25,930 shares during the quarter. 1832 Asset Management L.P.’s holdings in Electronic Arts were worth $1,270,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EA. Morningstar Investment Management LLC increased its stake in shares of Electronic Arts by 15.4% in the fourth quarter. Morningstar Investment Management LLC now owns 16,203 shares of the game software company’s stock valued at $2,217,000 after buying an additional 2,163 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Electronic Arts by 122.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 44,506 shares of the game software company’s stock valued at $6,089,000 after buying an additional 24,486 shares in the last quarter. Capital International Sarl increased its stake in shares of Electronic Arts by 32.8% in the fourth quarter. Capital International Sarl now owns 59,288 shares of the game software company’s stock valued at $8,111,000 after buying an additional 14,653 shares in the last quarter. Capital International Ltd. CA increased its stake in shares of Electronic Arts by 32.3% in the fourth quarter. Capital International Ltd. CA now owns 44,068 shares of the game software company’s stock valued at $6,029,000 after buying an additional 10,755 shares in the last quarter. Finally, Capital International Investors increased its stake in shares of Electronic Arts by 8.3% in the fourth quarter. Capital International Investors now owns 5,067,765 shares of the game software company’s stock valued at $693,318,000 after buying an additional 386,630 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EA has been the subject of a number of research reports. Benchmark restated a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a research note on Thursday, April 18th. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a research report on Tuesday, April 23rd. Roth Mkm lowered their price objective on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, BMO Capital Markets lowered their price objective on Electronic Arts from $160.00 to $154.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Check Out Our Latest Stock Report on EA

Insider Activity

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $134.45, for a total value of $134,450.00. Following the sale, the insider now owns 19,426 shares in the company, valued at approximately $2,611,825.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $132.82, for a total value of $106,256.00. Following the sale, the insider now owns 27,083 shares in the company, valued at approximately $3,597,164.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $134.45, for a total value of $134,450.00. Following the transaction, the insider now directly owns 19,426 shares in the company, valued at approximately $2,611,825.70. The disclosure for this sale can be found here. Insiders have sold 24,539 shares of company stock worth $3,224,419 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Electronic Arts Trading Down 0.4 %

NASDAQ:EA opened at $136.82 on Monday. Electronic Arts Inc. has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $36.45 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80. The business’s 50-day simple moving average is $130.02 and its 200-day simple moving average is $134.81.

Electronic Arts (NASDAQ:EAGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. Sell-side analysts expect that Electronic Arts Inc. will post 5.7 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Wednesday, May 29th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

About Electronic Arts

(Free Report)

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

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