C WorldWide Group Holding A S Decreases Stake in Electronic Arts Inc. (NASDAQ:EA)

C WorldWide Group Holding A S cut its holdings in Electronic Arts Inc. (NASDAQ:EA) by 76.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 75,942 shares of the game software company’s stock after selling 241,676 shares during the quarter. C WorldWide Group Holding A S’s holdings in Electronic Arts were worth $11,110,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts in the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. raised its holdings in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Electronic Arts during the third quarter worth $36,000. Larson Financial Group LLC raised its holdings in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its holdings in Electronic Arts by 1,458.3% during the fourth quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company’s stock worth $55,000 after purchasing an additional 350 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the sale, the insider now owns 30,216 shares of the company’s stock, valued at $4,969,021.20. This represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the sale, the chief executive officer now directly owns 37,615 shares of the company’s stock, valued at $4,895,216.10. The trade was a 11.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,500 shares of company stock valued at $3,593,095. Company insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

Electronic Arts stock opened at $130.93 on Monday. The firm has a market capitalization of $34.12 billion, a P/E ratio of 33.32, a PEG ratio of 3.58 and a beta of 0.79. The stock has a fifty day moving average price of $137.09 and a 200 day moving average price of $146.25. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly 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 net margin of 14.28% and a return on equity of 17.80%. Equities research analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Argus lifted their price objective on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Bank of America lifted their price objective on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. reduced their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, BMO Capital Markets cut their price target 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. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $154.55.

Electronic Arts Company 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.