Quilter Plc Sells 3,446 Shares of Electronic Arts Inc. $EA

Quilter Plc cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 39.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,341 shares of the game software company’s stock after selling 3,446 shares during the quarter. Quilter Plc’s holdings in Electronic Arts were worth $1,077,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake 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 acquiring an additional 932,024 shares during the period. Ninety One UK Ltd raised its position in shares of Electronic Arts by 4.6% during the second quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock worth $695,645,000 after purchasing an additional 193,442 shares during the period. Ameriprise Financial Inc. grew its position in Electronic Arts by 44.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after purchasing an additional 1,300,336 shares during the period. Invesco Ltd. increased its stake 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 valued at $656,735,000 after purchasing an additional 378,824 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in 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 purchasing an additional 353,327 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the 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 sale, the insider owned 32,360 shares in the company, valued at $6,611,148. This represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $204.27, for a total value of $510,675.00. Following the completion of the transaction, the insider directly owned 50,648 shares of the company’s stock, valued at $10,345,866.96. The trade was a 4.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 123,769 shares of company stock valued at $24,943,734. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

EA has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. TD Cowen downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 1st. Benchmark reissued a “buy” rating on shares of Electronic Arts in a research note on Wednesday, October 29th. Robert W. Baird downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Hsbc Global Res lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Four research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $184.36.

Electronic Arts Stock Performance

NASDAQ:EA opened at $204.00 on Friday. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $204.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. The business has a fifty day simple moving average of $203.54 and a two-hundred day simple moving average of $187.30. The company has a market capitalization of $51.02 billion, a P/E ratio of 59.65, a P/E/G ratio of 2.41 and a beta of 0.73.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data 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). Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the business posted $1.11 EPS. The company’s revenue was down 12.6% compared to the same quarter last year. On average, analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

About Electronic Arts

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.