Lido Advisors LLC Reduces Position in Electronic Arts Inc. $EA

Lido Advisors LLC trimmed its stake in Electronic Arts Inc. (NASDAQ:EA) by 31.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,131 shares of the game software company’s stock after selling 9,410 shares during the period. Lido Advisors LLC’s holdings in Electronic Arts were worth $4,104,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pentwater Capital Management LP increased its position in Electronic Arts by 128.1% in the fourth quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock worth $2,237,414,000 after buying an additional 6,150,000 shares in the last quarter. Norges Bank purchased a new position in shares of Electronic Arts during the 4th quarter valued at about $643,674,000. HBK Investments L P bought a new position in shares of Electronic Arts during the 4th quarter valued at approximately $390,267,000. Ameriprise Financial Inc. increased its holdings in Electronic Arts by 44.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after acquiring an additional 1,300,336 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in Electronic Arts in the 4th quarter worth approximately $165,153,000. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Up 0.0%

EA opened at $209.08 on Friday. The company has a market capitalization of $52.43 billion, a PE ratio of 59.91, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64. The firm has a 50-day simple moving average of $204.25 and a two-hundred day simple moving average of $202.80. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. Electronic Arts Inc. has a 52 week low of $146.97 and a 52 week high of $209.34.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s dividend payout ratio is presently 21.78%.

Insider Buying and Selling at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.10, for a total transaction of $507,750.00. Following the completion of the transaction, the insider directly owned 73,513 shares in the company, valued at approximately $14,930,490.30. This represents a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total transaction of $302,040.00. Following the completion of the transaction, the chief financial officer directly owned 25,991 shares of the company’s stock, valued at $5,233,547.76. The trade was a 5.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 31,206 shares of company stock worth $6,292,058 over the last three months. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EA. Citigroup lifted their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $196.64.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.