Ninety One UK Ltd Decreases Stake in Electronic Arts Inc. (NASDAQ:EA)

Ninety One UK Ltd lessened its holdings in Electronic Arts Inc. (NASDAQ:EA) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,190,652 shares of the game software company’s stock after selling 88,556 shares during the period. Electronic Arts makes up approximately 1.6% of Ninety One UK Ltd’s portfolio, making the stock its 18th biggest holding. Ninety One UK Ltd’s holdings in Electronic Arts were worth $613,092,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of EA. Northwestern Mutual Wealth Management Co. increased its holdings in Electronic Arts by 6.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,111 shares of the game software company’s stock worth $712,000 after buying an additional 332 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Electronic Arts during the 2nd quarter worth approximately $749,000. Handelsbanken Fonder AB raised its holdings in shares of Electronic Arts by 5.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 80,964 shares of the game software company’s stock worth $11,613,000 after purchasing an additional 4,118 shares during the period. Czech National Bank grew its holdings in Electronic Arts by 5.6% during the third quarter. Czech National Bank now owns 48,976 shares of the game software company’s stock valued at $7,025,000 after purchasing an additional 2,616 shares during the period. Finally, GAMMA Investing LLC increased its position in Electronic Arts by 45.3% in the third quarter. GAMMA Investing LLC now owns 4,577 shares of the game software company’s stock worth $657,000 after buying an additional 1,426 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Performance

Electronic Arts stock opened at $121.25 on Wednesday. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The firm’s fifty day moving average price is $145.96 and its 200-day moving average price is $147.66. The stock has a market cap of $31.80 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 18.56% and a net margin of 14.12%. On average, equities research analysts expect that Electronic Arts Inc. will post 5.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the sale, the insider now directly owns 30,216 shares in the company, valued at approximately $4,969,021.20. This represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the transaction, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at $8,758,819.05. The trade was a 8.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,500 shares of company stock valued at $3,562,510 over the last three months. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EA. Stifel Nicolaus dropped their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Robert W. Baird dropped their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Friday, January 31st. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Finally, DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their price objective for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.38.

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.