Electronic Arts Inc. (NASDAQ:EA) Stake Decreased by 1832 Asset Management L.P.

1832 Asset Management L.P. lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 11.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,538 shares of the game software company’s stock after selling 959 shares during the quarter. 1832 Asset Management L.P.’s holdings in Electronic Arts were worth $1,050,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after buying an additional 3,727,251 shares in the last quarter. Capital International Investors grew its position in Electronic Arts by 16.4% during the 1st quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock worth $782,920,000 after purchasing an additional 833,492 shares in the last quarter. Ninety One UK Ltd raised its stake in Electronic Arts by 1.3% during the 2nd quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock valued at $596,825,000 after purchasing an additional 53,237 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Electronic Arts by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after purchasing an additional 18,376 shares in the last quarter. Finally, FIL Ltd boosted its position in shares of Electronic Arts by 4.4% in the fourth quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock worth $469,011,000 after buying an additional 145,466 shares during the period. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Price Performance

NASDAQ EA opened at $143.61 on Friday. Electronic Arts Inc. has a 1 year low of $117.47 and a 1 year high of $153.51. The company has a fifty day simple moving average of $145.80 and a 200 day simple moving average of $137.88. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The company has a market cap of $38.16 billion, a P/E ratio of 30.69, a P/E/G ratio of 1.91 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. On average, sell-side analysts predict that Electronic Arts Inc. will post 5.93 EPS for the current year.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s payout ratio is currently 16.24%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Morgan Stanley restated an “equal weight” rating and set a $150.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. StockNews.com upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $154.00 price target on shares of Electronic Arts in a research note on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price objective on Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Finally, Oppenheimer upped their target price on Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and an average price target of $161.94.

Insider Activity at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $146.58, for a total value of $219,870.00. Following the completion of the transaction, the executive vice president now directly owns 26,360 shares in the company, valued at $3,863,848.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the transaction, the insider now owns 38,574 shares in the company, valued at $5,389,173.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $146.58, for a total value of $219,870.00. Following the sale, the executive vice president now directly owns 26,360 shares in the company, valued at $3,863,848.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,570 shares of company stock worth $3,621,343. Company insiders own 0.22% of the company’s stock.

About Electronic Arts

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.