Centiva Capital LP Sells 9,584 Shares of Electronic Arts Inc. (NASDAQ:EA)

Centiva Capital LP decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 70.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,025 shares of the game software company's stock after selling 9,584 shares during the period. Centiva Capital LP's holdings in Electronic Arts were worth $589,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC boosted its holdings in Electronic Arts by 353.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company's stock worth $185,692,000 after purchasing an additional 989,319 shares during the period. FMR LLC grew its position in shares of Electronic Arts by 224.8% during the 4th quarter. FMR LLC now owns 1,207,854 shares of the game software company's stock valued at $176,709,000 after buying an additional 835,985 shares during the last quarter. Norges Bank acquired a new position in Electronic Arts in the fourth quarter valued at approximately $96,698,000. Capital International Investors boosted its position in Electronic Arts by 5.2% during the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock valued at $1,778,553,000 after purchasing an additional 605,796 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Electronic Arts by 591.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 696,861 shares of the game software company's stock worth $101,951,000 after acquiring an additional 596,141 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Insider Buying and Selling

In related news, CFO Stuart Canfield sold 1,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total transaction of $130,110.00. Following the transaction, the chief financial officer now owns 9,516 shares of the company's stock, valued at approximately $1,238,126.76. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $155.57, for a total transaction of $388,925.00. Following the completion of the sale, the insider now directly owns 40,189 shares of the company's stock, valued at approximately $6,252,202.73. This trade represents a 5.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,000 shares of company stock worth $3,118,120. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Stock Down 1.2%

Shares of EA traded down $1.83 during midday trading on Wednesday, reaching $147.23. 2,698,760 shares of the stock were exchanged, compared to its average volume of 2,712,642. The firm has a 50 day simple moving average of $143.91 and a 200-day simple moving average of $144.95. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a market cap of $38.37 billion, a price-to-earnings ratio of 37.46, a P/E/G ratio of 3.58 and a beta of 0.74. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts's payout ratio is presently 17.92%.

Wall Street Analyst Weigh In

Several brokerages have commented on EA. DA Davidson initiated coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price target on the stock. Stifel Nicolaus cut their target price on Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research note on Tuesday, January 21st. StockNews.com lowered Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. BNP Paribas lowered shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price for the company. in a research report on Monday, January 27th. Finally, Oppenheimer boosted their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Fifteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $161.83.

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.