KBC Group NV Sells 10,174 Shares of Electronic Arts Inc. $EA

KBC Group NV reduced its position in Electronic Arts Inc. (NASDAQ:EA) by 15.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,876 shares of the game software company’s stock after selling 10,174 shares during the quarter. KBC Group NV’s holdings in Electronic Arts were worth $11,213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EA. Brighton Jones LLC lifted its position in Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after purchasing an additional 294 shares during the period. Empowered Funds LLC lifted its position in Electronic Arts by 167.0% in the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock worth $2,790,000 after purchasing an additional 12,076 shares during the period. Geneos Wealth Management Inc. lifted its position in Electronic Arts by 150.8% in the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after purchasing an additional 190 shares during the period. Jump Financial LLC bought a new position in Electronic Arts in the second quarter worth $2,323,000. Finally, NewEdge Advisors LLC lifted its position in Electronic Arts by 96.4% in the second quarter. NewEdge Advisors LLC now owns 3,067 shares of the game software company’s stock worth $490,000 after purchasing an additional 1,505 shares during the period. 90.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup reduced their target price on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and an average price target of $188.30.

Electronic Arts Stock Performance

Electronic Arts stock opened at $203.83 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a fifty day moving average price of $201.48 and a two-hundred day moving average price of $202.04. Electronic Arts Inc. has a 52-week low of $141.04 and a 52-week high of $204.88. The firm has a market capitalization of $51.01 billion, a P/E ratio of 76.63, a P/E/G ratio of 2.19 and a beta of 0.73.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, February 25th. Electronic Arts’s dividend payout ratio is currently 28.57%.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $203.25, for a total transaction of $243,900.00. Following the completion of the transaction, the insider directly owned 28,760 shares in the company, valued at $5,845,470. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $199.53, for a total value of $498,825.00. Following the transaction, the insider owned 48,343 shares of the company’s stock, valued at $9,645,878.79. This represents a 4.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 27,600 shares of company stock valued at $5,544,159. 0.24% of the stock is owned by insiders.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.