FIL Ltd Sells 187,735 Shares of Electronic Arts Inc. (NASDAQ:EA)

FIL Ltd lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,488,842 shares of the game software company’s stock after selling 187,735 shares during the period. FIL Ltd’s holdings in Electronic Arts were worth $510,418,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EA. Janus Henderson Group PLC grew its stake in Electronic Arts by 6.8% in the third quarter. Janus Henderson Group PLC now owns 34,734 shares of the game software company’s stock valued at $4,982,000 after purchasing an additional 2,200 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Electronic Arts by 6.7% in the 3rd quarter. Quantinno Capital Management LP now owns 25,765 shares of the game software company’s stock worth $3,696,000 after buying an additional 1,619 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Electronic Arts by 11.5% during the 3rd quarter. Stifel Financial Corp now owns 168,513 shares of the game software company’s stock worth $24,180,000 after acquiring an additional 17,375 shares in the last quarter. Insigneo Advisory Services LLC purchased a new stake in Electronic Arts during the third quarter valued at approximately $363,000. Finally, EP Wealth Advisors LLC acquired a new stake in Electronic Arts in the third quarter valued at approximately $1,230,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EA. Ascendiant Capital Markets upped their price target on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. UBS Group upped their target price on Electronic Arts from $138.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, April 3rd. Wedbush reissued an “outperform” rating and issued a $173.00 price target on shares of Electronic Arts in a report on Thursday, January 23rd. DA Davidson started coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price objective on the stock. Finally, StockNews.com cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $155.30.

Electronic Arts Trading Down 0.5 %

Electronic Arts stock opened at $134.62 on Tuesday. The firm has a market cap of $35.08 billion, a PE ratio of 34.25, a P/E/G ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The stock’s 50 day simple moving average is $134.43 and its two-hundred day simple moving average is $144.56. 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 released its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

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

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the sale, the insider now directly owns 26,216 shares of the company’s stock, valued at $3,801,320. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total value of $327,075.00. Following the sale, the insider now owns 47,514 shares of the company’s stock, valued at $6,216,256.62. The trade was a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,000 shares of company stock valued at $3,015,990. 0.22% of the stock is owned by company 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.