Machina Capital S.A.S. Sells 3,404 Shares of Electronic Arts Inc. (NASDAQ:EA)

Machina Capital S.A.S. cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 24.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,421 shares of the game software company’s stock after selling 3,404 shares during the quarter. Electronic Arts comprises approximately 0.9% of Machina Capital S.A.S.’s holdings, making the stock its 13th largest holding. Machina Capital S.A.S.’s holdings in Electronic Arts were worth $1,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EA. Jennison Associates LLC increased its stake in shares of Electronic Arts by 1.3% during the fourth quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock valued at $867,000 after buying an additional 84 shares during the period. Knights of Columbus Asset Advisors LLC increased its stake in shares of Electronic Arts by 0.3% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 34,102 shares of the game software company’s stock valued at $4,106,000 after buying an additional 86 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its stake in shares of Electronic Arts by 0.3% during the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company’s stock valued at $3,261,000 after buying an additional 87 shares during the period. Mirador Capital Partners LP increased its stake in shares of Electronic Arts by 2.9% during the fourth quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock valued at $447,000 after buying an additional 91 shares during the period. Finally, Whittier Trust Co. increased its stake in shares of Electronic Arts by 4.1% during the fourth quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock valued at $322,000 after buying an additional 93 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the sale, the chief executive officer now directly owns 28,430 shares in the company, valued at $4,048,147.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now directly owns 20,258 shares in the company, valued at $2,901,755.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the completion of the sale, the chief executive officer now owns 28,430 shares of the company’s stock, valued at $4,048,147.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,144 shares of company stock worth $5,087,143. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Stifel Nicolaus lifted their target price on Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Wedbush reiterated an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research report on Thursday, May 2nd. Benchmark reiterated a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. BMO Capital Markets started coverage on Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price objective for the company. Finally, UBS Group cut their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $146.72.

Electronic Arts Stock Down 0.2 %

Shares of EA traded down $0.32 during midday trading on Tuesday, reaching $130.24. 3,282,604 shares of the company were exchanged, compared to its average volume of 1,976,518. The stock has a 50-day moving average price of $131.75 and a 200-day moving average price of $134.50. The company has a market cap of $34.82 billion, a price-to-earnings ratio of 32.89, a P/E/G ratio of 1.73 and a beta of 0.78. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.58%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.14%.

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.