Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Commerce Bank

Commerce Bank lessened its stake in Electronic Arts Inc. (NASDAQ:EA) by 4.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,279 shares of the game software company’s stock after selling 317 shares during the quarter. Commerce Bank’s holdings in Electronic Arts were worth $919,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB increased its holdings in shares of Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after acquiring an additional 95,190 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in Electronic Arts in the fourth quarter worth $217,000. Huntington National Bank increased its stake in Electronic Arts by 31.4% during the fourth quarter. Huntington National Bank now owns 338,870 shares of the game software company’s stock valued at $49,577,000 after purchasing an additional 80,968 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Electronic Arts by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after purchasing an additional 36,153 shares during the period. Finally, Fisher Funds Management LTD bought a new position in shares of Electronic Arts in the 4th quarter worth about $3,730,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EA has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective on shares of Electronic Arts from $150.00 to $135.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. BMO Capital Markets lowered their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Benchmark raised their price target on Electronic Arts from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, March 24th. Raymond James lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Finally, Oppenheimer dropped their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $154.00.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the sale, the insider now owns 28,216 shares in the company, valued at $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $145.37, for a total transaction of $726,850.00. Following the completion of the transaction, the chief executive officer now directly owns 27,615 shares of the company’s stock, valued at $4,014,392.55. This represents a 15.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,000 shares of company stock worth $3,032,740. 0.22% of the stock is owned by insiders.

Electronic Arts Stock Up 2.8 %

Shares of EA stock opened at $145.87 on Wednesday. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The business’s fifty day moving average is $138.37 and its 200-day moving average is $144.42. The stock has a market cap of $38.02 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Equities analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.