Aster Capital Management DIFC Ltd Sells 2,870 Shares of Electronic Arts Inc. (NASDAQ:EA)

Aster Capital Management DIFC Ltd cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 54.6% during the 4th quarter, HoldingsChannel reports. The firm owned 2,382 shares of the game software company’s stock after selling 2,870 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Electronic Arts were worth $348,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Los Angeles Capital Management LLC grew its stake in shares of Electronic Arts by 353.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock worth $185,692,000 after buying an additional 989,319 shares during the last quarter. Norges Bank bought a new position in Electronic Arts in the fourth quarter valued at about $96,698,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Electronic Arts by 591.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 696,861 shares of the game software company’s stock valued at $101,951,000 after buying an additional 596,141 shares during the period. Schroder Investment Management Group raised its holdings in Electronic Arts by 100.8% in the 4th quarter. Schroder Investment Management Group now owns 801,915 shares of the game software company’s stock valued at $117,513,000 after buying an additional 402,501 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Electronic Arts by 51.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock worth $160,893,000 after buying an additional 373,730 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on EA. Roth Mkm dropped their price target on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Raymond James downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Ascendiant Capital Markets increased their price target on Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Benchmark raised their price objective on Electronic Arts from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. Finally, Oppenheimer reduced their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $155.30.

Electronic Arts Stock Performance

Shares of EA stock opened at $135.34 on Monday. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The firm has a market capitalization of $35.27 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The firm has a fifty day simple moving average of $134.10 and a two-hundred day simple moving average of $144.60. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its 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%. Analysts forecast that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.56%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Insider Buying and Selling

In other Electronic Arts 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 value of $215,175.00. Following the transaction, the executive vice president now owns 23,386 shares of the company’s stock, valued at approximately $3,354,721.70. The trade was a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total value of $713,400.00. Following the sale, the chief executive officer now directly owns 42,615 shares of the company’s stock, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,000 shares of company stock worth $3,015,990. 0.22% of the stock is owned by corporate insiders.

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.