Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 61.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 363,237 shares of the game software company’s stock after selling 567,103 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Electronic Arts were worth $53,143,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Swedbank AB increased its position in shares of Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after acquiring an additional 95,190 shares during the period. Atomi Financial Group Inc. acquired a new position in shares of Electronic Arts in the 4th quarter valued at $217,000. Huntington National Bank increased its position in shares of Electronic Arts by 31.4% in the 4th quarter. Huntington National Bank now owns 338,870 shares of the game software company’s stock valued at $49,577,000 after acquiring an additional 80,968 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Electronic Arts by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock valued at $213,089,000 after acquiring an additional 36,153 shares during the period. Finally, Fisher Funds Management LTD acquired a new position in shares of Electronic Arts in the 4th quarter valued at $3,730,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the transaction, the insider now directly owns 28,216 shares in the company, valued at approximately $3,443,198.48. This represents a 3.42 % decrease in their position. The transaction 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 the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the transaction, the insider now owns 47,514 shares of the company’s stock, 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 22,000 shares of company stock worth $3,032,740 in the last three months. 0.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Electronic Arts from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, April 22nd. Benchmark boosted their price target on Electronic Arts from $140.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 24th. Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a report on Friday, January 31st. Robert W. Baird decreased their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. Finally, UBS Group boosted their price target on Electronic Arts from $138.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, April 3rd. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $154.22.

Electronic Arts Stock Up 0.1 %

Shares of NASDAQ:EA opened at $146.72 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $139.70 and a two-hundred day moving average of $144.51. The stock has a market cap of $38.24 billion, a P/E ratio of 37.33, a PEG ratio of 3.58 and a beta of 0.79. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50.

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

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts’s payout ratio is currently 19.34%.

Electronic Arts Company 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.