Nuveen Asset Management LLC Sells 4,037 Shares of Electronic Arts Inc. (NASDAQ:EA)

Nuveen Asset Management LLC reduced its position in Electronic Arts Inc. (NASDAQ:EA) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,358,981 shares of the game software company’s stock after selling 4,037 shares during the period. Nuveen Asset Management LLC’s holdings in Electronic Arts were worth $198,819,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Intrust Bank NA lifted its holdings in Electronic Arts by 3.3% during the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock worth $362,000 after acquiring an additional 78 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Electronic Arts by 11.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock valued at $119,000 after buying an additional 81 shares during the period. Ballentine Partners LLC increased its holdings in shares of Electronic Arts by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock worth $550,000 after purchasing an additional 82 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in shares of Electronic Arts by 1.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock valued at $708,000 after acquiring an additional 83 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in Electronic Arts by 5.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,701 shares of the game software company’s stock worth $249,000 after buying an additional 90 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on EA. BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a research note on Monday, January 27th. BMO Capital Markets reduced their price target on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. HSBC upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Wednesday, May 7th. Wedbush lifted their target price on shares of Electronic Arts from $179.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Finally, Oppenheimer upped their target price on shares of Electronic Arts from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $161.83.

Electronic Arts Stock Performance

NASDAQ EA opened at $149.57 on Friday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. 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 firm has a market cap of $38.98 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The business has a 50-day moving average price of $144.23 and a 200-day moving average price of $145.01.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. Electronic Arts’s dividend payout ratio is currently 17.92%.

Insider Buying and Selling

In related news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $149.64, for a total value of $224,460.00. Following the completion of the sale, the executive vice president now directly owns 17,533 shares in the company, valued at $2,623,638.12. This trade represents a 7.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $155.57, for a total transaction of $388,925.00. Following the completion of the sale, the insider now directly owns 40,189 shares in the company, valued at $6,252,202.73. This trade represents a 5.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,500 shares of company stock worth $3,342,580. Corporate insiders own 0.22% of the company’s stock.

About Electronic Arts

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.