Electronic Arts Inc. $EA Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 35.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 175,215 shares of the game software company’s stock after selling 94,817 shares during the period. Envestnet Asset Management Inc. owned about 0.07% of Electronic Arts worth $35,341,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Electronic Arts by 5.8% during the second quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock worth $2,726,552,000 after purchasing an additional 932,024 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Electronic Arts by 44.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after acquiring an additional 1,300,336 shares in the last quarter. Invesco Ltd. lifted its position in Electronic Arts by 10.1% during the 2nd quarter. Invesco Ltd. now owns 4,112,305 shares of the game software company’s stock worth $656,735,000 after acquiring an additional 378,824 shares in the last quarter. First Trust Advisors LP boosted its holdings in Electronic Arts by 17.0% in the 2nd quarter. First Trust Advisors LP now owns 2,430,876 shares of the game software company’s stock worth $388,211,000 after acquiring an additional 353,327 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Electronic Arts by 50.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock valued at $377,726,000 after acquiring an additional 791,978 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EA. Citigroup reduced their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Argus set a $210.00 price objective on shares of Electronic Arts in a report on Thursday, October 30th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Zacks Research lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Morgan Stanley increased their price target on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Four research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus target price of $186.95.

Insider Activity

In other news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $204.30, for a total value of $245,160.00. Following the completion of the transaction, the insider directly owned 32,360 shares of the company’s stock, valued at approximately $6,611,148. The trade was a 3.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $204.26, for a total transaction of $1,021,300.00. Following the sale, the chief executive officer owned 38,858 shares in the company, valued at approximately $7,937,135.08. This trade represents a 11.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 123,769 shares of company stock valued at $24,943,734 over the last quarter. 0.24% of the stock is owned by company insiders.

Electronic Arts Trading Down 0.2%

Shares of NASDAQ EA opened at $202.24 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $203.59 and its two-hundred day moving average price is $191.90. Electronic Arts Inc. has a 52-week low of $128.02 and a 52-week high of $204.88. The stock has a market capitalization of $50.61 billion, a P/E ratio of 76.03, a PEG ratio of 2.44 and a beta of 0.74.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Electronic Arts’s payout ratio is currently 28.57%.

Electronic Arts 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.