Electronic Arts Inc. (NASDAQ:EA) Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 76.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,942 shares of the game software company’s stock after selling 241,676 shares during the period. C WorldWide Group Holding A S’s holdings in Electronic Arts were worth $11,110,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Electronic Arts in the 3rd quarter valued at $25,000. Pinnacle Bancorp Inc. raised its holdings in shares of Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares during the period. Reston Wealth Management LLC purchased a new stake in shares of Electronic Arts in the 3rd quarter valued at $36,000. Larson Financial Group LLC raised its holdings in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares during the period. Finally, SJS Investment Consulting Inc. raised its holdings in shares of Electronic Arts by 1,458.3% in the 4th quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock valued at $55,000 after buying an additional 350 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.7 %

EA opened at $130.93 on Monday. The company has a market cap of $34.12 billion, a P/E ratio of 33.32, a PEG ratio of 3.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The business’s 50-day simple moving average is $137.09 and its 200-day simple moving average is $146.25.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, equities research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the transaction, the insider now directly owns 30,216 shares in the company, valued at approximately $4,969,021.20. This trade represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the transaction, the insider now owns 47,514 shares in the company, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,500 shares of company stock valued at $3,593,095 in the last three months. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EA shares. DA Davidson started coverage on Electronic Arts in a report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price objective on the stock. Oppenheimer cut their price objective on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. cut their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Citigroup cut their price objective on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Bank of America boosted their price objective on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $154.55.

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.