Electronic Arts Inc. $EA Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 78.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,844 shares of the game software company’s stock after selling 81,298 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Electronic Arts were worth $3,301,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Nomura Holdings Inc. lifted its holdings in shares of Electronic Arts by 11.7% during the fourth quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company’s stock worth $4,566,000 after purchasing an additional 3,259 shares during the period. CCM Investment Group LLC acquired a new stake in shares of Electronic Arts during the first quarter worth $1,625,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Electronic Arts by 2.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company’s stock worth $94,456,000 after purchasing an additional 13,461 shares during the period. Resona Asset Management Co. Ltd. lifted its holdings in shares of Electronic Arts by 5.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 105,892 shares of the game software company’s stock worth $15,300,000 after purchasing an additional 5,275 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Electronic Arts by 4.4% during the first quarter. The Manufacturers Life Insurance Company now owns 162,571 shares of the game software company’s stock worth $23,495,000 after purchasing an additional 6,835 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Arete raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price target for the company in a report on Tuesday, August 5th. Argus set a $170.00 price objective on Electronic Arts in a research report on Friday, May 16th. Wall Street Zen cut Electronic Arts from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. DA Davidson increased their price objective on Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, August 11th. Finally, Arete Research set a $192.00 price objective on Electronic Arts in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus price target of $167.12.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $172.26, for a total value of $206,712.00. Following the completion of the transaction, the insider owned 35,931 shares in the company, valued at $6,189,474.06. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total value of $855,250.00. Following the sale, the chief executive officer owned 52,393 shares of the company’s stock, valued at approximately $8,961,822.65. This represents a 8.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,900 shares of company stock worth $4,778,597. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Trading Down 1.2%

Shares of EA stock opened at $166.04 on Wednesday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $180.90. The stock has a market cap of $41.54 billion, a P/E ratio of 41.61, a P/E/G ratio of 2.17 and a beta of 0.75. The business has a fifty day simple moving average of $162.09 and a 200-day simple moving average of $151.02. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be given a $0.19 dividend. The ex-dividend date is Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.5%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.05%.

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.