Electronic Arts Inc. $EA Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lessened its stake in Electronic Arts Inc. (NASDAQ:EA) by 18.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 74,890 shares of the game software company’s stock after selling 16,665 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Electronic Arts were worth $11,960,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of EA. Salomon & Ludwin LLC boosted its holdings in 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 acquiring an additional 68 shares during the period. Bank of Jackson Hole Trust lifted its position in shares of Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after purchasing an additional 75 shares in the last quarter. MTM Investment Management LLC purchased a new position in shares of Electronic Arts in the second quarter valued at approximately $30,000. Frazier Financial Advisors LLC grew its holdings in shares of Electronic Arts by 328.9% in the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after purchasing an additional 148 shares in the last quarter. Finally, NewSquare Capital LLC lifted its holdings in 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 buying an additional 79 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $201.42, for a total value of $241,704.00. Following the completion of the sale, the insider directly owned 34,760 shares of the company’s stock, valued at approximately $7,001,359.20. This represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $201.05, for a total value of $1,005,250.00. Following the transaction, the chief executive officer directly owned 48,858 shares in the company, valued at approximately $9,822,900.90. This represents a 9.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 137,369 shares of company stock worth $27,307,702 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ EA opened at $201.66 on Wednesday. The company has a fifty day moving average of $196.58 and a two-hundred day moving average of $171.45. The company has a market capitalization of $50.30 billion, a PE ratio of 58.96, a P/E/G ratio of 3.04 and a beta of 0.74. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year 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 posted its earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.07). The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Electronic Arts had a net margin of 12.14% and a return on equity of 15.30%. The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 earnings per share. As a group, analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd will be given a dividend of $0.19 per share. The ex-dividend date 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 22.22%.

Analysts Set New Price Targets

EA has been the subject of several research reports. Arete Research set a $192.00 price target on shares of Electronic Arts in a research note on Tuesday, August 5th. UBS Group set a $210.00 target price on Electronic Arts and gave the stock a “neutral” rating in a research note on Tuesday, September 30th. Bank of America increased their price target on Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Benchmark reissued a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. Finally, DA Davidson raised their target price on shares of Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $181.64.

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.