Electronic Arts Inc. $EA Shares Sold by Capital International Investors

Capital International Investors trimmed its stake in Electronic Arts Inc. (NASDAQ:EA) by 17.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,691,141 shares of the game software company’s stock after selling 2,105,573 shares during the quarter. Capital International Investors’ holdings in Electronic Arts were worth $1,954,737,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Ameriflex Group Inc. increased its holdings in shares of Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after buying an additional 69 shares during the last quarter. Oakworth Capital Inc. purchased a new position in shares of Electronic Arts in the 3rd quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Electronic Arts by 131.9% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock valued at $34,000 after acquiring an additional 95 shares during the last quarter. MTM Investment Management LLC purchased a new stake in Electronic Arts during the second quarter valued at about $30,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Electronic Arts during the second quarter worth about $37,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $1,020,550.00. Following the completion of the transaction, the chief executive officer directly owned 43,858 shares of the company’s stock, valued at $8,951,856.38. This represents a 10.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $200.63, for a total value of $240,756.00. Following the sale, the insider owned 31,160 shares of the company’s stock, valued at $6,251,630.80. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 27,600 shares of company stock worth $5,589,823. 0.24% of the stock is owned by corporate insiders.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $199.27 on Tuesday. The business’s 50-day simple moving average is $202.32 and its 200 day simple moving average is $196.50. Electronic Arts Inc. has a one year low of $131.15 and a one year high of $204.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $49.87 billion, a P/E ratio of 74.91, a PEG ratio of 2.36 and a beta of 0.75.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s payout ratio is 28.57%.

Analysts Set New Price Targets

EA has been the topic of a number of research reports. Zacks Research downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Citigroup cut their price target on shares of 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 reaffirmed a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $188.30.

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.