Quilter Plc Sells 40,052 Shares of Electronic Arts Inc. (NASDAQ:EA)

Quilter Plc lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 79.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 10,108 shares of the game software company’s stock after selling 40,052 shares during the period. Quilter Plc’s holdings in Electronic Arts were worth $1,461,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Assenagon Asset Management S.A. raised its holdings in Electronic Arts by 689.3% during the first quarter. Assenagon Asset Management S.A. now owns 1,238,496 shares of the game software company’s stock valued at $178,987,000 after acquiring an additional 1,081,589 shares during the period. FMR LLC raised its stake in Electronic Arts by 224.8% during the 4th quarter. FMR LLC now owns 1,207,854 shares of the game software company’s stock valued at $176,709,000 after purchasing an additional 835,985 shares during the period. Royal Bank of Canada lifted its holdings in Electronic Arts by 130.0% in the 4th quarter. Royal Bank of Canada now owns 1,201,353 shares of the game software company’s stock worth $175,758,000 after purchasing an additional 679,032 shares in the last quarter. GAMMA Investing LLC boosted its stake in Electronic Arts by 11,587.9% in the 1st quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company’s stock worth $96,737,000 after purchasing an additional 663,640 shares during the period. Finally, Norges Bank purchased a new stake in Electronic Arts during the 4th quarter valued at approximately $96,698,000. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the sale, the insider now owns 26,216 shares of the company’s stock, valued at $3,801,320. This trade represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $145.37, for a total transaction of $726,850.00. Following the completion of the transaction, the chief executive officer now owns 27,615 shares of the company’s stock, valued at $4,014,392.55. This represents a 15.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,229 shares of company stock valued at $4,371,399 over the last quarter. 0.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EA has been the topic of several research analyst reports. Citigroup reissued a “neutral” rating and issued a $153.00 target price (up previously from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. Hsbc Global Res upgraded shares of Electronic Arts from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 7th. Wedbush increased their price objective on shares of Electronic Arts from $179.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Roth Capital raised Electronic Arts from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $175.00 to $185.00 in a report on Tuesday. Finally, Robert W. Baird set a $168.00 target price on Electronic Arts in a research report on Wednesday, May 7th. Fourteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Electronic Arts has a consensus rating of “Moderate Buy” and a consensus target price of $162.80.

Electronic Arts Trading Down 0.1%

EA stock opened at $157.73 on Friday. Electronic Arts Inc. has a 12 month low of $115.21 and a 12 month high of $168.50. The firm’s 50-day moving average is $149.16 and its 200 day moving average is $142.55. The company has a market capitalization of $39.63 billion, a PE ratio of 37.20, a P/E/G ratio of 2.14 and a beta of 0.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.95.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were issued a $0.19 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.48%. Electronic Arts’s payout ratio is 17.92%.

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.