Tobam Trims Stock Holdings in Electronic Arts Inc. $EA

Tobam lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,651 shares of the game software company’s stock after selling 4,619 shares during the period. Electronic Arts accounts for approximately 2.4% of Tobam’s portfolio, making the stock its 12th largest holding. Tobam’s holdings in Electronic Arts were worth $6,586,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Oakworth Capital Inc. purchased a new position in Electronic Arts during the 3rd quarter valued at about $30,000. Salomon & Ludwin LLC boosted its position in shares of Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after acquiring an additional 68 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake in Electronic Arts by 131.9% during 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 in the last quarter. MTM Investment Management LLC bought a new stake in Electronic Arts during the 2nd quarter worth approximately $30,000. Finally, NewSquare Capital LLC increased its holdings in Electronic Arts by 67.5% during the 2nd quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after acquiring an additional 79 shares during the period. 90.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $204.26, for a total value of $1,021,300.00. Following the transaction, the chief executive officer directly owned 38,858 shares of the company’s stock, valued at $7,937,135.08. The trade was a 11.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $201.65, for a total value of $302,475.00. Following the sale, the chief financial officer directly owned 5,595 shares of the company’s stock, valued at approximately $1,128,231.75. This trade represents a 21.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 115,069 shares of company stock valued at $23,194,130. 0.24% of the stock is currently owned by insiders.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $200.62 on Monday. The stock’s 50-day moving average is $203.46 and its 200 day moving average is $192.87. The stock has a market cap of $50.21 billion, a price-to-earnings ratio of 75.42, a P/E/G ratio of 2.42 and a beta of 0.74. Electronic Arts Inc. has a 1-year low of $128.02 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.

Electronic Arts Announces Dividend

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

Wall Street Analyst Weigh In

EA has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Argus set a $210.00 price objective on Electronic Arts in a research note on Thursday, October 30th. Benchmark restated a “buy” rating on shares of Electronic Arts in a research note on Wednesday, October 29th. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Finally, Citigroup cut their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $186.95.

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.