US Bancorp DE Decreases Stock Position in Electronic Arts Inc. $EA

US Bancorp DE reduced its position in Electronic Arts Inc. (NASDAQ:EA) by 4.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 102,132 shares of the game software company’s stock after selling 4,513 shares during the period. US Bancorp DE’s holdings in Electronic Arts were worth $20,600,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Electronic Arts by 5.8% in the second quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after buying an additional 932,024 shares during the period. Ameriprise Financial Inc. lifted its position in Electronic Arts by 44.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after acquiring an additional 1,300,336 shares in the last quarter. Invesco Ltd. increased its holdings in Electronic Arts by 10.1% during the 2nd quarter. Invesco Ltd. now owns 4,112,305 shares of the game software company’s stock worth $656,735,000 after purchasing an additional 378,824 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Electronic Arts by 17.0% during the 2nd quarter. First Trust Advisors LP now owns 2,430,876 shares of the game software company’s stock valued at $388,211,000 after buying an additional 353,327 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Electronic Arts by 50.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock valued at $377,726,000 after acquiring an additional 791,978 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on EA. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup reduced their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Finally, Zacks Research lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Four analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $186.95.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $200.57 on Friday. The company has a market cap of $50.19 billion, a price-to-earnings ratio of 75.40, a PEG ratio of 2.39 and a beta of 0.74. Electronic Arts Inc. has a twelve month low of $128.02 and a twelve month high of $204.88. The business has a 50 day moving average price of $202.81 and a 200 day moving average price of $195.09. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $199.53, for a total transaction of $498,825.00. Following the sale, the insider directly owned 48,343 shares in the company, valued at approximately $9,645,878.79. This trade represents a 4.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $199.50, for a total value of $997,500.00. Following the transaction, the chief executive officer directly owned 33,858 shares of the company’s stock, valued at $6,754,671. This trade represents a 12.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 27,600 shares of company stock worth $5,589,823. 0.24% of the stock is owned by company insiders.

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.