Sumitomo Mitsui Trust Holdings Inc. Has $91.39 Million Stake in Electronic Arts Inc. (NASDAQ:EA)

Sumitomo Mitsui Trust Holdings Inc. reduced its holdings in Electronic Arts Inc. (NASDAQ:EAFree Report) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 688,868 shares of the game software company’s stock after selling 27,620 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.26% of Electronic Arts worth $91,392,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Cullinan Associates Inc. grew its stake in shares of Electronic Arts by 5.2% in the first quarter. Cullinan Associates Inc. now owns 193,823 shares of the game software company’s stock worth $25,714,000 after acquiring an additional 9,554 shares during the last quarter. Claro Advisors LLC raised its stake in Electronic Arts by 5.6% during the 1st quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock valued at $250,000 after purchasing an additional 100 shares during the last quarter. Diversified Trust Co boosted its holdings in Electronic Arts by 90.0% in the 1st quarter. Diversified Trust Co now owns 15,150 shares of the game software company’s stock valued at $2,010,000 after purchasing an additional 7,176 shares during the period. Mirador Capital Partners LP grew its position in Electronic Arts by 15.4% in the 1st quarter. Mirador Capital Partners LP now owns 3,766 shares of the game software company’s stock worth $500,000 after purchasing an additional 502 shares during the last quarter. Finally, KRS Capital Management LLC grew its position in Electronic Arts by 17.1% in the 1st quarter. KRS Capital Management LLC now owns 1,880 shares of the game software company’s stock worth $249,000 after purchasing an additional 275 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EA shares. Wedbush reiterated an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a research note on Wednesday, May 8th. Oppenheimer reissued an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a report on Friday, June 21st. BMO Capital Markets reduced their target price 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. Benchmark reiterated a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. Finally, UBS Group dropped their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average price target of $147.50.

Check Out Our Latest Analysis on EA

Electronic Arts Price Performance

Shares of EA stock opened at $138.67 on Friday. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $144.53. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $133.59 and its 200-day moving average is $134.88. The firm has a market capitalization of $36.85 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 2.20 and a beta of 0.79.

Electronic Arts (NASDAQ:EAGet Free Report) last released its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. Sell-side analysts forecast that Electronic Arts Inc. will post 5.72 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, May 29th. Electronic Arts’s payout ratio is 16.24%.

Insider Buying and Selling at Electronic Arts

In other news, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the transaction, the insider now directly owns 18,426 shares in the company, valued at approximately $2,362,397.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $128.21, for a total transaction of $128,210.00. Following the transaction, the insider now directly owns 18,426 shares in the company, valued at $2,362,397.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $127.19, for a total value of $317,975.00. Following the transaction, the chief executive officer now owns 23,430 shares in the company, valued at approximately $2,980,061.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,039 shares of company stock worth $3,065,356. Insiders own 0.22% of the company’s stock.

Electronic Arts Company Profile

(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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