Brevan Howard Capital Management LP Sells 14,935 Shares of Electronic Arts Inc. $EA

Brevan Howard Capital Management LP lessened its position in Electronic Arts Inc. (NASDAQ:EA) by 29.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,413 shares of the game software company’s stock after selling 14,935 shares during the period. Brevan Howard Capital Management LP’s holdings in Electronic Arts were worth $7,143,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its position in Electronic Arts by 5.8% in the 2nd quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after acquiring an additional 932,024 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Electronic Arts by 8.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock valued at $926,194,000 after purchasing an additional 374,840 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Electronic Arts by 4.9% in the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock worth $870,328,000 after purchasing an additional 202,657 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Electronic Arts by 26.3% in the third quarter. First Trust Advisors LP now owns 3,069,543 shares of the game software company’s stock worth $619,127,000 after purchasing an additional 638,667 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Electronic Arts by 50.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock valued at $377,726,000 after purchasing an additional 791,978 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EA shares. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Zacks Research cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Citigroup dropped their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Three investment 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $188.30.

Electronic Arts Stock Up 0.1%

Shares of EA stock opened at $199.24 on Friday. 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 Inc. has a 12 month low of $131.15 and a 12 month high of $204.88. The stock has a market cap of $49.86 billion, a P/E ratio of 74.90, a P/E/G ratio of 2.37 and a beta of 0.75. The company has a 50 day simple moving average of $201.93 and a two-hundred day simple moving average of $197.09.

Electronic Arts Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $199.50, for a total value of $997,500.00. Following the transaction, the chief executive officer owned 33,858 shares of the company’s stock, valued at $6,754,671. This trade represents a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 5,897 shares of the company’s stock, valued at approximately $1,178,810.30. This trade represents a 20.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 27,600 shares of company stock worth $5,589,823. Corporate insiders own 0.24% of the company’s stock.

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.