Rathbones Group PLC Sells 163,243 Shares of Electronic Arts Inc. $EA

Rathbones Group PLC decreased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 84.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 29,993 shares of the game software company’s stock after selling 163,243 shares during the period. Rathbones Group PLC’s holdings in Electronic Arts were worth $6,128,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Ameriflex Group Inc. boosted its holdings in Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after purchasing an additional 69 shares during the period. Oakworth Capital Inc. bought a new stake in Electronic Arts in the 3rd quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Electronic Arts by 131.9% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock valued at $34,000 after purchasing an additional 95 shares during the period. Tidemark LLC bought a new stake in Electronic Arts in the 3rd quarter valued at about $50,000. Finally, Asset Dedication LLC boosted its holdings in Electronic Arts by 333.3% in the 3rd quarter. Asset Dedication LLC now owns 260 shares of the game software company’s stock valued at $52,000 after purchasing an additional 200 shares during the period. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

EA has been the subject of a number of recent research reports. Citigroup cut their price objective on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Electronic Arts presently has an average rating of “Hold” and an average target price of $188.30.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $199.95, for a total transaction of $499,875.00. Following the completion of the transaction, the insider directly owned 45,843 shares in the company, valued at $9,166,307.85. This represents a 5.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $199.95, for a total transaction of $999,750.00. Following the transaction, the chief executive officer owned 28,858 shares of the company’s stock, valued at approximately $5,770,157.10. This represents a 14.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 27,600 shares of company stock worth $5,553,319. Insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $204.16 on Tuesday. The company has a 50 day moving average of $201.23 and a 200-day moving average of $200.82. Electronic Arts Inc. has a 1-year low of $131.15 and a 1-year high of $204.88. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The company has a market cap of $51.09 billion, a PE ratio of 76.75, a price-to-earnings-growth ratio of 2.19 and a beta of 0.73.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th were issued 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, February 25th. Electronic Arts’s dividend payout ratio is 28.57%.

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.