Centiva Capital LP Sells 9,584 Shares of Electronic Arts Inc. (NASDAQ:EA)

Centiva Capital LP decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 70.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,025 shares of the game software company’s stock after selling 9,584 shares during the period. Centiva Capital LP’s holdings in Electronic Arts were worth $589,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of EA. First Hawaiian Bank bought a new stake in shares of Electronic Arts in the 4th quarter valued at $494,000. Czech National Bank boosted its position in Electronic Arts by 5.7% during the fourth quarter. Czech National Bank now owns 51,749 shares of the game software company’s stock valued at $7,571,000 after acquiring an additional 2,773 shares during the last quarter. Aprio Wealth Management LLC bought a new position in shares of Electronic Arts in the 4th quarter worth about $216,000. Wedmont Private Capital lifted its stake in shares of Electronic Arts by 6.3% in the 4th quarter. Wedmont Private Capital now owns 2,464 shares of the game software company’s stock valued at $347,000 after purchasing an additional 146 shares during the period. Finally, Fulcrum Capital LLC boosted its position in shares of Electronic Arts by 1.1% during the 4th quarter. Fulcrum Capital LLC now owns 44,404 shares of the game software company’s stock valued at $6,496,000 after purchasing an additional 498 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $153.30 on Friday. The company has a market capitalization of $39.95 billion, a P/E ratio of 39.01, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The company’s 50-day moving average is $143.36 and its 200 day moving average is $144.90. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, equities research analysts forecast that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.50%. The ex-dividend date is Wednesday, May 28th. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $155.57, for a total transaction of $388,925.00. Following the sale, the insider now owns 40,189 shares of the company’s stock, valued at $6,252,202.73. The trade was a 5.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $145.56, for a total value of $145,560.00. Following the completion of the transaction, the insider now directly owns 25,216 shares of the company’s stock, valued at $3,670,440.96. The trade was a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock valued at $3,118,120 over the last ninety days. 0.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EA has been the topic of several recent analyst reports. Benchmark boosted their price target on Electronic Arts from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. Stifel Nicolaus reduced their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. DA Davidson started coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price objective on the stock. BNP Paribas downgraded 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. Finally, BMO Capital Markets dropped their price target on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and a consensus target price of $161.83.

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.