LSV Asset Management Reduces Holdings in Electronic Arts Inc. $EA

LSV Asset Management lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,340 shares of the game software company’s stock after selling 1,040 shares during the quarter. LSV Asset Management’s holdings in Electronic Arts were worth $9,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of EA. Dorsey & Whitney Trust CO LLC lifted its holdings in Electronic Arts by 11.8% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 2,212 shares of the game software company’s stock worth $353,000 after buying an additional 234 shares during the period. Intrust Bank NA grew its holdings in shares of Electronic Arts by 33.5% during the 2nd quarter. Intrust Bank NA now owns 3,305 shares of the game software company’s stock worth $528,000 after acquiring an additional 829 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Electronic Arts by 2.9% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 118,237 shares of the game software company’s stock worth $18,882,000 after acquiring an additional 3,367 shares in the last quarter. Raiffeisen Bank International AG raised its position in shares of Electronic Arts by 1.7% in the 2nd quarter. Raiffeisen Bank International AG now owns 41,378 shares of the game software company’s stock worth $6,530,000 after acquiring an additional 709 shares in the last quarter. Finally, Westpac Banking Corp lifted its stake in shares of Electronic Arts by 56.3% in the 2nd quarter. Westpac Banking Corp now owns 19,095 shares of the game software company’s stock valued at $3,049,000 after purchasing an additional 6,879 shares during the period. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $201.58 on Thursday. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $203.75. The firm’s 50-day moving average is $194.21 and its 200 day moving average is $170.04. The stock has a market cap of $50.28 billion, a price-to-earnings ratio of 58.94, a PEG ratio of 3.04 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.07). The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The firm’s quarterly revenue was down 12.6% on a year-over-year basis. During the same period last year, the firm posted $1.11 earnings per share. Sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio is 22.22%.

Analyst Ratings Changes

EA has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electronic Arts in a research note on Wednesday, October 8th. HSBC cut shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 target price on the stock. in a report on Monday, September 29th. Arete Research set a $192.00 price target on shares of Electronic Arts in a research note on Tuesday, August 5th. Zacks Research raised shares of Electronic Arts from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. Finally, Baird R W cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $181.64.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $201.42, for a total transaction of $241,704.00. Following the transaction, the insider directly owned 34,760 shares of the company’s stock, valued at $7,001,359.20. This represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $201.06, for a total value of $502,650.00. Following the sale, the insider directly owned 55,648 shares in the company, valued at $11,188,586.88. This trade represents a 4.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 40,900 shares of company stock worth $7,873,176. Insiders own 0.24% of the company’s stock.

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.