Electronic Arts Inc. $EA Shares Sold by Rathbones Group PLC

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

Other institutional investors have also modified their holdings of the company. Ameriflex Group Inc. raised its stake in shares of 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 in the last quarter. Oakworth Capital Inc. acquired a new stake in Electronic Arts during the third quarter worth about $30,000. Salomon & Ludwin LLC raised its stake in Electronic Arts by 32.8% during the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after acquiring an additional 57 shares during the period. Tidemark LLC acquired a new stake in Electronic Arts during the third quarter worth about $50,000. Finally, Asset Dedication LLC raised its stake in Electronic Arts by 333.3% during the third quarter. Asset Dedication LLC now owns 260 shares of the game software company’s stock worth $52,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $199.95, for a total value of $999,750.00. Following the completion of the transaction, the chief executive officer owned 28,858 shares in the company, valued at approximately $5,770,157.10. This represents a 14.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $199.95, for a total transaction of $499,875.00. Following the completion of the transaction, the insider owned 45,843 shares of the company’s stock, valued at approximately $9,166,307.85. This trade represents a 5.17% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 28,340 shares of company stock worth $5,702,736. Insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

EA opened at $201.87 on Friday. Electronic Arts Inc. has a fifty-two week low of $141.19 and a fifty-two week high of $204.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. The firm has a market cap of $50.62 billion, a price-to-earnings ratio of 57.84, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. The company’s 50-day moving average price is $201.93 and its 200 day moving average price is $202.24.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be given a $0.19 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio is 21.78%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EA shares. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Citigroup increased their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $196.64.

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.