Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Wealth Alliance

Wealth Alliance cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 37.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,106 shares of the game software company’s stock after selling 1,258 shares during the period. Wealth Alliance’s holdings in Electronic Arts were worth $308,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EA. Geode Capital Management LLC raised its position in shares of Electronic Arts by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after purchasing an additional 26,505 shares in the last quarter. Swedbank AB increased 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 buying an additional 95,190 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Electronic Arts by 51.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after acquiring an additional 373,730 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Electronic Arts by 28.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 940,942 shares of the game software company’s stock valued at $134,969,000 after acquiring an additional 206,623 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Electronic Arts by 8.4% in the third quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company’s stock valued at $124,548,000 after acquiring an additional 66,797 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total transaction of $327,075.00. Following the completion of the sale, the insider now directly owns 47,514 shares of the company’s stock, valued at $6,216,256.62. This represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the sale, the chief executive officer now directly owns 47,615 shares of the company’s stock, valued at approximately $7,047,020. This represents a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,500 shares of company stock valued at $3,593,095. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EA shares. 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. Citigroup dropped their target price on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. BMO Capital Markets dropped their target price on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Roth Mkm dropped their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Finally, UBS Group boosted their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and a consensus price target of $154.55.

Electronic Arts Trading Up 0.7 %

Electronic Arts stock opened at $130.93 on Friday. 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 50-day moving average price of $137.09 and a two-hundred day moving average price of $146.24. The firm has a market capitalization of $34.12 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 3.54 and a beta of 0.79. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50.

Electronic Arts (NASDAQ:EA) last issued 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 return on equity of 17.80% and a net margin of 14.28%. Sell-side analysts expect that Electronic Arts Inc. will post 4.75 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

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.