Voya Investment Management LLC Sells 17,307 Shares of Electronic Arts Inc. $EA

Voya Investment Management LLC reduced its position in Electronic Arts Inc. (NASDAQ:EA) by 24.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,067 shares of the game software company’s stock after selling 17,307 shares during the period. Voya Investment Management LLC’s holdings in Electronic Arts were worth $10,502,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EA. Alyeska Investment Group L.P. purchased a new stake in shares of Electronic Arts during the 1st quarter worth approximately $225,102,000. Ameriprise Financial Inc. increased its position in Electronic Arts by 44.6% in the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock worth $673,393,000 after purchasing an additional 1,300,336 shares during the last quarter. Acadian Asset Management LLC raised its stake in Electronic Arts by 176.6% during the second quarter. Acadian Asset Management LLC now owns 1,862,898 shares of the game software company’s stock valued at $297,465,000 after purchasing an additional 1,189,455 shares in the last quarter. State Street Corp lifted its position in Electronic Arts by 5.8% during 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 purchasing an additional 932,024 shares during the last quarter. Finally, Man Group plc lifted its position in Electronic Arts by 165.5% during the second quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock valued at $204,296,000 after purchasing an additional 797,461 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 6,500 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $203.40, for a total value of $1,322,100.00. Following the completion of the sale, the chief financial officer directly owned 5,140 shares of the company’s stock, valued at $1,045,476. The trade was a 55.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $201.05, for a total transaction of $1,005,250.00. Following the completion of the transaction, the chief executive officer owned 48,858 shares in the company, valued at $9,822,900.90. This represents a 9.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 136,169 shares of company stock valued at $27,378,636. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Robert W. Baird restated a “neutral” rating and set a $210.00 target price (up from $170.00) on shares of Electronic Arts in a research report on Monday, September 29th. Baird R W cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Citigroup upped their price objective on Electronic Arts from $206.00 to $207.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. DZ Bank cut Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 29th. Finally, UBS Group set a $210.00 target price on Electronic Arts and gave the company a “neutral” rating in a research report on Tuesday, September 30th. Four analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $181.21.

Electronic Arts Stock Up 0.2%

Shares of NASDAQ:EA opened at $204.27 on Wednesday. The firm has a market capitalization of $51.09 billion, a PE ratio of 59.73, a price-to-earnings-growth ratio of 2.44 and a beta of 0.76. The business has a 50 day simple moving average of $201.86 and a two-hundred day simple moving average of $179.27. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $204.64. 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 issued its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the business posted $1.11 earnings per share. Electronic Arts’s revenue was down 12.6% on a year-over-year basis. On average, equities analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, December 3rd. Electronic Arts’s payout ratio is currently 22.22%.

Electronic Arts 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.