Electronic Arts Inc. (NASDAQ:EA) Stock Holdings Lowered by Alliancebernstein L.P.

Alliancebernstein L.P. cut its position in Electronic Arts Inc. (NASDAQ:EA) by 27.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,330,716 shares of the game software company’s stock after selling 875,925 shares during the quarter. Alliancebernstein L.P.’s holdings in Electronic Arts were worth $340,984,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. grew its stake in shares of Electronic Arts by 325.0% in the fourth quarter. Meeder Asset Management Inc. now owns 748 shares of the game software company’s stock worth $109,000 after purchasing an additional 572 shares in the last quarter. AIA Group Ltd lifted its holdings in Electronic Arts by 5.5% in the fourth quarter. AIA Group Ltd now owns 26,222 shares of the game software company’s stock worth $3,836,000 after purchasing an additional 1,356 shares during the period. O Shaughnessy Asset Management LLC grew its position in Electronic Arts by 14.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 17,856 shares of the game software company’s stock valued at $2,612,000 after buying an additional 2,201 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in Electronic Arts by 15.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,174 shares of the game software company’s stock valued at $313,000 after buying an additional 290 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of Electronic Arts by 100.8% during the 4th quarter. Schroder Investment Management Group now owns 801,915 shares of the game software company’s stock worth $117,513,000 after buying an additional 402,501 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the sale, the chief executive officer now owns 42,615 shares in the company, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the transaction, the insider now directly owns 28,216 shares in the company, valued at $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock valued at $3,018,560 in the last three months. Insiders own 0.22% of the company’s stock.

Electronic Arts Price Performance

Shares of EA opened at $144.52 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $37.66 billion, a price-to-earnings ratio of 36.77, a P/E/G ratio of 3.58 and a beta of 0.78. The business’s 50-day moving average is $133.10 and its 200-day moving average is $144.63. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA) last released its 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%. Equities research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

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

Wall Street Analyst Weigh In

EA has been the topic of a number of research analyst reports. Robert W. Baird lowered their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Raymond James downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Friday, January 31st. BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research report on Monday, January 27th. Finally, StockNews.com lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Electronic Arts presently has a consensus rating of “Hold” and a consensus price target of $155.65.

About Electronic Arts

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.