Boston Partners Lowers Stake in Electronic Arts Inc. (NASDAQ:EA)

Boston Partners cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,104 shares of the game software company’s stock after selling 1,590 shares during the quarter. Boston Partners’ holdings in Electronic Arts were worth $18,153,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in Electronic Arts by 4.9% in the third quarter. Thrivent Financial for Lutherans now owns 62,486 shares of the game software company’s stock valued at $8,963,000 after acquiring an additional 2,898 shares in the last quarter. Pathstone Holdings LLC boosted its position in shares of Electronic Arts by 3.6% in the 3rd quarter. Pathstone Holdings LLC now owns 23,622 shares of the game software company’s stock worth $3,388,000 after purchasing an additional 821 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in Electronic Arts by 3.9% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,754 shares of the game software company’s stock worth $682,000 after buying an additional 180 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Electronic Arts during the 3rd quarter valued at about $2,362,000. Finally, PNC Financial Services Group Inc. increased its position in Electronic Arts by 20.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 50,354 shares of the game software company’s stock valued at $7,223,000 after buying an additional 8,542 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Oppenheimer dropped their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Bank of America boosted their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a report on Friday, January 31st. Stifel Nicolaus dropped their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Finally, Robert W. Baird reduced their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $154.78.

Electronic Arts Trading Up 0.9 %

EA stock opened at $143.25 on Friday. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a market cap of $37.33 billion, a P/E ratio of 36.45, a PEG ratio of 3.58 and a beta of 0.78. The company’s 50-day simple moving average is $132.69 and its 200-day simple moving average is $144.70.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, equities analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts’s dividend payout ratio is currently 19.34%.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the completion of the sale, the insider now owns 29,216 shares of the company’s stock, valued at $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.14, for a total transaction of $650,700.00. Following the completion of the transaction, the chief executive officer now directly owns 37,615 shares in the company, valued at approximately $4,895,216.10. This represents a 11.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,000 shares of company stock worth $2,454,240 in the last 90 days. Insiders own 0.22% of the company’s stock.

Electronic Arts Company Profile

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.