Wells Fargo & Company MN Has $97.45 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Wells Fargo & Company MN reduced its holdings in Electronic Arts Inc. (NASDAQ:EA) by 9.0% in the 4th quarter, HoldingsChannel reports. The fund owned 666,097 shares of the game software company’s stock after selling 65,501 shares during the period. Wells Fargo & Company MN’s holdings in Electronic Arts were worth $97,450,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Swedbank AB lifted its stake in shares of Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after acquiring an additional 95,190 shares during the period. Atomi Financial Group Inc. acquired a new position in shares of Electronic Arts in the 4th quarter worth approximately $217,000. Charles Schwab Investment Management Inc. lifted its position in shares of Electronic Arts by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after purchasing an additional 36,153 shares during the period. Fisher Funds Management LTD bought a new stake in shares of Electronic Arts in the 4th quarter valued at $3,730,000. Finally, Huntington National Bank raised its stake in Electronic Arts by 31.4% during the fourth quarter. Huntington National Bank now owns 338,870 shares of the game software company’s stock worth $49,577,000 after buying an additional 80,968 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Bank of America upped their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. UBS Group raised their target price on Electronic Arts from $138.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, April 3rd. BMO Capital Markets dropped their price target on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research report on Monday, January 27th. Finally, Oppenheimer dropped their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Electronic Arts has an average rating of “Hold” and an average price target of $155.30.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the transaction, the insider now owns 26,216 shares of the company’s stock, valued at $3,801,320. This represents a 3.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts 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 transaction, the chief executive officer now owns 42,615 shares of the company’s stock, valued at $6,080,308.20. The trade was a 10.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,000 shares of company stock worth $3,015,990. 0.22% of the stock is owned by company insiders.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $134.62 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market cap of $35.08 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The stock’s fifty day simple moving average is $134.43 and its two-hundred day simple moving average is $144.56. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

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

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s dividend payout ratio is presently 19.34%.

Electronic Arts 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.