Electronic Arts Inc. $EA Shares Sold by WBI Investments LLC

WBI Investments LLC lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 34.8% during the second quarter, Holdings Channel.com reports. The firm owned 9,530 shares of the game software company’s stock after selling 5,077 shares during the quarter. WBI Investments LLC’s holdings in Electronic Arts were worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Electronic Arts by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock valued at $4,198,607,000 after buying an additional 150,438 shares during the period. Ninety One UK Ltd grew its holdings in Electronic Arts by 4.6% during the second quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock worth $695,645,000 after acquiring an additional 193,442 shares during the period. Independent Franchise Partners LLP raised its position in Electronic Arts by 2.3% in the first quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company’s stock worth $570,233,000 after acquiring an additional 88,767 shares in the last quarter. Invesco Ltd. lifted its holdings in Electronic Arts by 15.6% in the first quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company’s stock valued at $539,563,000 after acquiring an additional 504,760 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Electronic Arts by 62.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock valued at $470,197,000 after acquiring an additional 1,254,194 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $203.40, for a total value of $244,080.00. Following the completion of the transaction, the insider owned 33,531 shares of the company’s stock, valued at $6,820,205.40. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $172.79, for a total transaction of $863,950.00. Following the transaction, the chief executive officer directly owned 47,393 shares in the company, valued at $8,189,036.47. The trade was a 9.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 38,200 shares of company stock worth $7,149,882 in the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EA has been the topic of a number of recent analyst reports. DA Davidson upped their price target on shares of Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday, August 11th. HSBC lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 target price on the stock. in a research report on Monday, September 29th. TD Cowen downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Argus set a $210.00 price target on Electronic Arts in a research note on Thursday, October 30th. Finally, Wells Fargo & Company set a $168.00 price target on Electronic Arts and gave the stock an “equal weight” rating in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $181.64.

Electronic Arts Stock Down 0.1%

Shares of NASDAQ EA opened at $200.77 on Tuesday. The firm’s 50-day moving average is $192.87 and its two-hundred day moving average is $169.46. The company has a market capitalization of $50.07 billion, a PE ratio of 58.70, a price-to-earnings-growth ratio of 3.04 and a beta of 0.74. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the firm earned $1.11 earnings per share. The company’s revenue for the quarter was down 12.6% on a year-over-year basis. Equities analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 3rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 22.22%.

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.