Achmea Investment Management B.V. Sells 14,504 Shares of Electronic Arts Inc. $EA

Achmea Investment Management B.V. decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 9.5% during the second quarter, HoldingsChannel.com reports. The fund owned 138,213 shares of the game software company’s stock after selling 14,504 shares during the quarter. Achmea Investment Management B.V.’s holdings in Electronic Arts were worth $22,073,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EA. Salomon & Ludwin LLC increased its position in shares of Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Electronic Arts by 3.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock worth $323,000 after buying an additional 72 shares during the period. Bank of Jackson Hole Trust lifted its holdings in shares of Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after buying an additional 75 shares during the period. Financial Management Professionals Inc. lifted its holdings in shares of Electronic Arts by 13.6% in the 2nd quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock worth $102,000 after buying an additional 76 shares during the period. Finally, NewSquare Capital LLC lifted its stake in shares of Electronic Arts by 67.5% during the 2nd quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Oppenheimer lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 30th. Benchmark reiterated a “buy” rating on shares of Electronic Arts in a research note on Wednesday, October 29th. Wall Street Zen downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electronic Arts in a report on Wednesday, October 8th. Finally, Robert W. Baird reissued a “neutral” rating and set a $210.00 price objective (up from $170.00) on shares of Electronic Arts in a report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Electronic Arts has a consensus rating of “Hold” and an average target price of $181.64.

Electronic Arts Stock Performance

Shares of EA stock opened at $200.74 on Thursday. The company has a market capitalization of $50.07 billion, a P/E ratio of 58.70, a P/E/G ratio of 3.04 and a beta of 0.74. The business’s 50 day moving average is $187.86 and its two-hundred day moving average is $166.16. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders 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 payout ratio is currently 22.22%.

Insider Buying and Selling at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,200 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $200.80, for a total transaction of $240,960.00. Following the completion of the sale, the executive vice president owned 24,880 shares of the company’s stock, valued at $4,995,904. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stuart Canfield sold 6,500 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the sale, the chief financial officer directly owned 5,140 shares of the company’s stock, valued at $1,045,476. This represents a 55.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 39,400 shares of company stock valued at $7,359,462. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Company 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.