Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 19.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,158,883 shares of the game software company’s stock after selling 283,370 shares during the quarter. Acadian Asset Management LLC owned about 0.43% of Electronic Arts worth $153,721,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EA. North Star Investment Management Corp. grew its holdings in Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after buying an additional 150 shares in the last quarter. Cape Investment Advisory Inc. grew its holdings in Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after buying an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in Electronic Arts in the 1st quarter worth approximately $27,000. Larson Financial Group LLC bought a new position in Electronic Arts during the 4th quarter valued at $30,000. Finally, YHB Investment Advisors Inc. bought a new position in Electronic Arts during the 1st quarter valued at $30,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 4,639 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total transaction of $622,321.85. Following the sale, the chief executive officer now directly owns 66,747 shares of the company’s stock, valued at approximately $8,954,110.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Andrew Wilson sold 4,639 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total value of $622,321.85. Following the sale, the chief executive officer now directly owns 66,747 shares of the company’s stock, valued at approximately $8,954,110.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00. Following the completion of the sale, the insider now directly owns 26,283 shares in the company, valued at $3,328,479.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,039 shares of company stock valued at $3,517,006. 0.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EA shares. Wedbush restated an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a report on Wednesday, May 8th. Benchmark reissued a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a research report on Thursday. Roth Mkm lowered their target price on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Jefferies Financial Group assumed coverage on shares of Electronic Arts in a research report on Thursday, July 11th. They set a “buy” rating and a $165.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.33.

Electronic Arts Trading Down 4.3 %

EA stock traded down $6.32 during trading on Friday, hitting $140.20. The company had a trading volume of 4,844,732 shares, compared to its average volume of 1,823,123. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $136.98 and a 200-day moving average price of $135.35. Electronic Arts Inc. has a 12 month low of $117.47 and a 12 month high of $148.22. The stock has a market cap of $37.26 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 2.22 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.78 billion. As a group, analysts predict that Electronic Arts Inc. will post 5.72 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.54%. Electronic Arts’s dividend payout ratio is currently 16.24%.

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.