Xponance Inc. Has $7.86 Million Stock Position in Electronic Arts Inc. $EA

Xponance Inc. lessened its stake in Electronic Arts Inc. (NASDAQ:EA) by 26.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,987 shares of the game software company’s stock after selling 13,784 shares during the quarter. Xponance Inc.’s holdings in Electronic Arts were worth $7,864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Integrated Advisors Network LLC increased its holdings in shares of Electronic Arts by 22.5% in the third quarter. Integrated Advisors Network LLC now owns 3,561 shares of the game software company’s stock valued at $718,000 after purchasing an additional 654 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new position in Electronic Arts in the 3rd quarter valued at $218,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Electronic Arts by 4.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 489,757 shares of the game software company’s stock valued at $98,784,000 after buying an additional 21,057 shares during the period. AlphaCore Capital LLC increased its stake in shares of Electronic Arts by 144.0% in the 3rd quarter. AlphaCore Capital LLC now owns 1,198 shares of the game software company’s stock valued at $242,000 after buying an additional 707 shares during the period. Finally, Catalyst Financial Partners LLC bought a new stake in shares of Electronic Arts during the third quarter worth $236,000. 90.23% of the stock is owned by institutional investors.

Insider Activity

In other Electronic Arts news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total value of $299,850.00. Following the sale, the chief financial officer directly owned 5,897 shares in the company, valued at approximately $1,178,810.30. This trade represents a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Monday, December 15th. The stock was sold at an average price of $204.11, for a total transaction of $510,275.00. Following the transaction, the insider directly owned 53,148 shares in the company, valued at approximately $10,848,038.28. This represents a 4.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,600 shares of company stock worth $5,589,823 in the last ninety days. Company insiders own 0.24% of the company’s stock.

Electronic Arts Price Performance

Shares of EA opened at $200.57 on Friday. The stock has a market cap of $50.19 billion, a P/E ratio of 75.40, a price-to-earnings-growth ratio of 2.39 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 stock’s 50-day moving average price is $202.81 and its two-hundred day moving average price is $195.21. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. Electronic Arts’s payout ratio is currently 28.57%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EA. Zacks Research cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Finally, Citigroup lowered their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $186.95.

Electronic Arts Company 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.