Aberdeen Group plc Sells 7,664 Shares of Electronic Arts Inc. $EA

Aberdeen Group plc cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 249,393 shares of the game software company’s stock after selling 7,664 shares during the quarter. Aberdeen Group plc owned approximately 0.10% of Electronic Arts worth $50,240,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Walter Public Investments Inc. boosted its stake in Electronic Arts by 41.7% in the 3rd quarter. Walter Public Investments Inc. now owns 48,017 shares of the game software company’s stock worth $9,685,000 after purchasing an additional 14,134 shares in the last quarter. NatWest Group plc bought a new position in shares of Electronic Arts in the third quarter worth approximately $10,414,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Electronic Arts in the second quarter worth approximately $287,000. Bank of Montreal Can grew its holdings in shares of Electronic Arts by 14.3% during the second quarter. Bank of Montreal Can now owns 326,682 shares of the game software company’s stock valued at $52,171,000 after buying an additional 40,848 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Electronic Arts by 35.4% during the third quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company’s stock valued at $78,859,000 after acquiring an additional 102,248 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $1,020,550.00. Following the sale, the chief executive officer owned 43,858 shares of the company’s stock, valued at approximately $8,951,856.38. This trade represents a 10.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was 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 in the company, valued at approximately $6,611,148. This represents a 3.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,069 shares of company stock worth $23,194,130 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA opened at $200.62 on Monday. The business has a 50-day simple moving average of $203.46 and a two-hundred day simple moving average of $192.87. The stock has a market cap of $50.21 billion, a price-to-earnings ratio of 75.42, a PEG ratio of 2.42 and a beta of 0.74. Electronic Arts Inc. has a 52 week low of $128.02 and a 52 week high of $204.88. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

EA has been the topic of several analyst reports. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup lowered their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Morgan Stanley increased their price objective on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Argus set a $210.00 target price on Electronic Arts in a research report on Thursday, October 30th. Finally, Benchmark reaffirmed a “buy” rating on shares of Electronic Arts in a report on Wednesday, October 29th. Four research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $186.95.

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.