Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd trimmed its position in Electronic Arts Inc. (NASDAQ:EA) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,195 shares of the game software company’s stock after selling 2,527 shares during the quarter. Ninety One SA PTY Ltd’s holdings in Electronic Arts were worth $2,352,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV increased its holdings in shares of Electronic Arts by 23.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock valued at $2,753,000 after acquiring an additional 4,411 shares during the last quarter. Value Partners Investments Inc. grew its stake in Electronic Arts by 33.5% during the 4th quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock worth $53,761,000 after buying an additional 107,709 shares during the last quarter. Metis Global Partners LLC grew its stake in Electronic Arts by 14.7% during the 3rd quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock worth $1,381,000 after buying an additional 1,469 shares during the last quarter. Morgan Stanley grew its stake in Electronic Arts by 13.0% during the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after buying an additional 389,063 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Electronic Arts by 16.3% during the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after buying an additional 3,600,388 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the sale, the insider now directly owns 28,683 shares of the company’s stock, valued at approximately $3,941,904.69. The sale was disclosed in a document filed with the SEC, 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 Thursday, February 1st. The stock was sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the sale, the insider now directly owns 28,683 shares of the company’s stock, valued at approximately $3,941,904.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $138.88, for a total value of $347,200.00. Following the sale, the chief executive officer now directly owns 30,930 shares of the company’s stock, valued at $4,295,558.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,144 shares of company stock valued at $5,143,560. Corporate insiders own 0.20% of the company’s stock.

Electronic Arts Trading Down 0.4 %

Shares of NASDAQ:EA traded down $0.53 during midday trading on Thursday, reaching $125.78. The company had a trading volume of 567,340 shares, compared to its average volume of 2,032,661. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53. The firm has a market cap of $33.63 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76. The company has a fifty day simple moving average of $135.28 and a two-hundred day simple moving average of $134.31.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 earnings per share. Research analysts predict that Electronic Arts Inc. will post 5.36 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.60%. The ex-dividend date was Tuesday, February 27th. Electronic Arts’s dividend payout ratio is currently 19.14%.

Analyst Upgrades and Downgrades

EA has been the subject of a number of recent research reports. Stifel Nicolaus upped their price objective on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Wedbush restated an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. BMO Capital Markets assumed coverage on Electronic Arts in a research note on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price objective for the company. Benchmark reaffirmed a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a research note on Thursday. Finally, UBS Group decreased their target price on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

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.