Eagle Rock Investment Company LLC Lowers Position in Electronic Arts Inc. $EA

Eagle Rock Investment Company LLC decreased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 27.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,613 shares of the game software company’s stock after selling 6,809 shares during the period. Eagle Rock Investment Company LLC’s holdings in Electronic Arts were worth $3,553,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Walter Public Investments Inc. grew its stake in shares of Electronic Arts by 41.7% in the third quarter. Walter Public Investments Inc. now owns 48,017 shares of the game software company’s stock worth $9,685,000 after purchasing an additional 14,134 shares during the last quarter. NatWest Group plc bought a new position in Electronic Arts during the 3rd quarter valued at approximately $10,414,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Electronic Arts in the 2nd quarter worth approximately $287,000. Bank of Montreal Can grew its position in shares of Electronic Arts by 14.3% in the 2nd quarter. Bank of Montreal Can now owns 326,682 shares of the game software company’s stock worth $52,171,000 after buying an additional 40,848 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Electronic Arts by 35.4% in the 3rd quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company’s stock worth $78,859,000 after buying an additional 102,248 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EA shares. UBS Group restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Zacks Research lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Benchmark reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. Argus set a $210.00 price target on shares of Electronic Arts in a research report on Thursday, October 30th. Finally, Citigroup decreased their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and a consensus target price of $186.95.

Electronic Arts Price Performance

Shares of EA opened at $200.62 on Monday. Electronic Arts Inc. has a fifty-two week low of $128.02 and a fifty-two week high of $204.88. The firm’s 50-day simple moving average is $203.46 and its two-hundred day simple moving average is $192.87. The stock has a market cap of $50.21 billion, a PE ratio of 75.42, a price-to-earnings-growth ratio of 2.42 and a beta of 0.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s payout ratio is presently 28.57%.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $204.30, for a total transaction of $245,160.00. Following the completion of the transaction, the insider directly owned 32,360 shares in the company, valued at $6,611,148. This trade represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $204.26, for a total transaction of $1,021,300.00. Following the completion of the transaction, the chief executive officer owned 38,858 shares in the company, valued at approximately $7,937,135.08. The trade was a 11.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 115,069 shares of company stock valued at $23,194,130. Company insiders own 0.24% of the company’s stock.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.