Martingale Asset Management L P Has $23.41 Million Stock Position in Electronic Arts Inc. $EA

Martingale Asset Management L P reduced its holdings in Electronic Arts Inc. (NASDAQ:EA) by 19.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 116,080 shares of the game software company’s stock after selling 27,697 shares during the quarter. Martingale Asset Management L P’s holdings in Electronic Arts were worth $23,413,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ameriflex Group Inc. grew its position 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 period. Oakworth Capital Inc. acquired a new position in shares of Electronic Arts during the 3rd quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Electronic Arts by 131.9% during 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 acquiring an additional 95 shares during the period. MTM Investment Management LLC bought a new position in Electronic Arts during the second quarter worth $30,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Electronic Arts during the second quarter worth $37,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on EA shares. Citigroup decreased 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 note on Wednesday, February 4th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Finally, Zacks Research downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $188.30.

Insider Buying and Selling at Electronic Arts

In related news, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction dated 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 owned 5,897 shares in the company, valued at $1,178,810.30. This represents a 20.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $204.11, for a total transaction of $1,020,550.00. Following the completion of the transaction, the chief executive officer directly owned 43,858 shares in the company, valued at approximately $8,951,856.38. The trade was a 10.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 27,600 shares of company stock valued at $5,589,823 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

Shares of EA opened at $199.08 on Friday. The business’s fifty day moving average is $202.04 and its 200 day moving average is $196.74. Electronic Arts Inc. has a 12-month low of $131.15 and a 12-month high of $204.88. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock has a market cap of $49.82 billion, a P/E ratio of 74.84, a P/E/G ratio of 2.38 and a beta of 0.75.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

About Electronic Arts

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.