Railway Pension Investments Ltd Lowers Position in Electronic Arts Inc. $EA

Railway Pension Investments Ltd lessened its position in Electronic Arts Inc. (NASDAQ:EA) by 5.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 67,301 shares of the game software company’s stock after selling 3,700 shares during the quarter. Railway Pension Investments Ltd’s holdings in Electronic Arts were worth $13,575,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its holdings in shares of Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after buying an additional 68 shares in the last quarter. MTM Investment Management LLC bought a new position in shares of Electronic Arts during the second quarter valued at approximately $30,000. Frazier Financial Advisors LLC lifted its holdings in shares of Electronic Arts by 328.9% during the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after purchasing an additional 148 shares during the last quarter. NewSquare Capital LLC grew its stake in shares of Electronic Arts by 67.5% in the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after acquiring an additional 79 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the 2nd quarter worth about $37,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EA has been the subject of several recent analyst reports. UBS Group set a $210.00 target price on shares of Electronic Arts and gave the stock a “neutral” rating in a report on Tuesday, September 30th. Zacks Research cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Benchmark reiterated a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Morgan Stanley upped their target price on shares of Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Finally, TD Cowen downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Four analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $181.21.

Insiders Place Their Bets

In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $201.06, for a total value of $502,650.00. Following the transaction, the insider directly owned 55,648 shares of the company’s stock, valued at approximately $11,188,586.88. The trade was a 4.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $201.65, for a total transaction of $302,475.00. Following the completion of the transaction, the chief financial officer directly owned 5,595 shares in the company, valued at $1,128,231.75. This trade represents a 21.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 122,469 shares of company stock valued at $24,650,681. Insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ:EA opened at $204.41 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50-day simple moving average of $202.49 and a two-hundred day simple moving average of $182.40. The firm has a market capitalization of $51.12 billion, a PE ratio of 59.77, a P/E/G ratio of 2.41 and a beta of 0.73. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $204.88.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm posted $1.11 earnings per share. The company’s revenue was down 12.6% compared to the same quarter last year. Analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 3rd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 22.22%.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.