Crossmark Global Holdings Inc. Acquires 12,755 Shares of Electronic Arts Inc. $EA

Crossmark Global Holdings Inc. boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 10.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 134,605 shares of the game software company’s stock after acquiring an additional 12,755 shares during the period. Crossmark Global Holdings Inc.’s holdings in Electronic Arts were worth $27,150,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in shares of Electronic Arts by 44.6% during 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 period. Acadian Asset Management LLC grew its position in shares of Electronic Arts by 176.6% during the 2nd quarter. Acadian Asset Management LLC now owns 1,862,898 shares of the game software company’s stock worth $297,465,000 after buying an additional 1,189,455 shares during the period. State Street Corp increased its stake in shares of Electronic Arts by 5.8% in the 2nd 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 last quarter. Man Group plc boosted its stake in Electronic Arts by 165.5% during the 2nd quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock worth $204,296,000 after acquiring an additional 797,461 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Electronic Arts by 50.3% during 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 purchasing an additional 791,978 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA opened at $201.73 on Thursday. The stock has a market capitalization of $50.48 billion, a price-to-earnings ratio of 75.84, a PEG ratio of 2.39 and a beta of 0.75. Electronic Arts Inc. has a 12 month low of $131.15 and a 12 month high of $204.88. The firm has a fifty day simple moving average of $202.63 and a 200 day simple moving average of $195.71. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders 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 dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Ratings Changes

A number of analysts recently commented on EA shares. Zacks Research cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Citigroup cut their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Finally, UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $188.30.

Insider Buying and Selling

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

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.