Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 56.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,905 shares of the game software company’s stock after selling 3,721 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Electronic Arts were worth $425,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EA. Swedbank AB lifted its stake in Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after purchasing an additional 95,190 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in Electronic Arts during the fourth quarter valued at $217,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Electronic Arts by 2.5% during the fourth 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 position in shares of Electronic Arts in the 4th quarter worth about $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Electronic Arts in the 4th quarter valued at about $13,845,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $141.87 on Wednesday. The stock has a market cap of $36.97 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The stock’s 50 day moving average price is $132.75 and its 200 day moving average price is $144.73.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 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 anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

Insider Activity

In other news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total transaction of $215,175.00. Following the sale, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at $3,354,721.70. The trade was a 6.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $147,570.00. Following the sale, the insider now directly owns 29,216 shares of the company’s stock, valued at approximately $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,000 shares of company stock worth $3,194,240. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

EA has been the topic of several research reports. Benchmark dropped their price objective on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. 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 report on Wednesday, February 5th. BNP Paribas lowered 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. Wedbush reaffirmed an “outperform” rating and issued a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Finally, Robert W. Baird cut their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and a consensus target price of $154.78.

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.