Electronic Arts Inc. (NASDAQ:EA) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its stake in Electronic Arts Inc. (NASDAQ:EA) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 258,026 shares of the game software company’s stock after selling 18,325 shares during the period. ProShare Advisors LLC owned approximately 0.09% of Electronic Arts worth $33,466,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Electronic Arts by 100,845.7% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 349,922,048 shares of the game software company’s stock worth $45,384,890,000 after buying an additional 349,575,404 shares in the last quarter. Norges Bank acquired a new position in Electronic Arts during the fourth quarter worth about $270,382,000. FIL Ltd lifted its holdings in shares of Electronic Arts by 91.5% in the first quarter. FIL Ltd now owns 2,910,863 shares of the game software company’s stock valued at $350,613,000 after purchasing an additional 1,391,068 shares in the last quarter. Morgan Stanley grew its position in shares of Electronic Arts by 62.1% in the fourth quarter. Morgan Stanley now owns 3,193,059 shares of the game software company’s stock valued at $390,128,000 after purchasing an additional 1,223,195 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Electronic Arts by 265.0% during the 2nd quarter. Barclays PLC now owns 1,516,792 shares of the game software company’s stock worth $196,727,000 after purchasing an additional 1,101,229 shares in the last quarter. Hedge funds and other institutional investors own 90.42% of the company’s stock.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $135.45 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a one year low of $108.53 and a one year high of $140.30. The business’s 50-day moving average price is $125.80 and its two-hundred day moving average price is $126.65. The company has a market capitalization of $36.43 billion, a P/E ratio of 37.31, a price-to-earnings-growth ratio of 2.24 and a beta of 0.80.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Tuesday, November 28th. Electronic Arts’s dividend payout ratio is presently 20.94%.

Insiders Place Their Bets

In related news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $134.45, for a total value of $134,450.00. Following the transaction, the insider now directly owns 20,922 shares of the company’s stock, valued at approximately $2,812,962.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $119.95, for a total value of $95,960.00. Following the sale, the insider now directly owns 29,547 shares of the company’s stock, valued at $3,544,162.65. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $134.45, for a total value of $134,450.00. Following the completion of the transaction, the insider now owns 20,922 shares in the company, valued at $2,812,962.90. The disclosure for this sale can be found here. Insiders have sold 33,900 shares of company stock valued at $4,207,770 over the last three months. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barclays lifted their price target on shares of Electronic Arts from $130.00 to $133.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 2nd. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a report on Wednesday, August 2nd. Truist Financial reduced their price target on Electronic Arts from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, August 16th. Roth Mkm upped their target price on Electronic Arts from $138.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Finally, Robert W. Baird increased their target price on Electronic Arts from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Ten equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $141.13.

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.