US Bancorp DE Sells 8,118 Shares of Electronic Arts Inc. (NASDAQ:EA)

US Bancorp DE trimmed its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 6.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 127,292 shares of the game software company’s stock after selling 8,118 shares during the quarter. US Bancorp DE’s holdings in Electronic Arts were worth $18,623,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in Electronic Arts during the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. boosted its position in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after acquiring an additional 117 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Electronic Arts during the 4th quarter worth approximately $32,000. Larson Financial Group LLC boosted its position in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after acquiring an additional 70 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its position in Electronic Arts by 1,458.3% during the 4th quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock worth $55,000 after acquiring an additional 350 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on EA. Argus upped their price target on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Roth Mkm reduced their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Oppenheimer reduced their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Benchmark reduced their price target on Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Finally, BMO Capital Markets cut their price objective on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and an average target price of $154.55.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the transaction, the chief executive officer now owns 47,615 shares of the company’s stock, valued at $7,047,020. The trade was a 9.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the completion of the transaction, the chief financial officer now directly owns 9,516 shares of the company’s stock, valued at approximately $1,238,126.76. This trade represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,500 shares of company stock valued at $3,428,645. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Trading Down 1.0 %

EA stock opened at $129.12 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The company has a fifty day moving average price of $135.08 and a two-hundred day moving average price of $145.72. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The stock has a market cap of $33.65 billion, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79.

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%. Equities analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio is currently 19.34%.

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.